Nucor to raise flat rolled prices $30/nt
Nucor Sheet Mill Group announced Wednesday that it will be increasing its transaction spot prices by a minimum of $30 /nt ($3.00 cwt. or $33 /mt) beginning with July 5th shipments. The company announced that the increase is in direct result of flat rolled prices reaching "unsustainably low levels" compared to raw material and other industrial commodity product costs. Additionally, the company said it will restore the collection of all published price extras immediately.
Similar articles
Nucor CSP HRC prices continue up on solid demand, further gains in November scrap
09 Nov | Flats and Slab
US flat steel prices up amid scrap gains as weekly steel production soars to new high
06 Nov | Flats and Slab
Nucor CSP HRC prices post further weekly rise amid thin spot supply; scrap strength
02 Nov | Flats and Slab
US flat steel posts solid weekly gains on tight supply, lower imports and higher scrap
30 Oct | Flats and Slab
Nucor CSP price posts 2nd weekly $15/nt rise amid thin spot supply; October scrap gains
26 Oct | Flats and Slab
US flat steel prices continue double digit gains, amid tight supply, rising October scrap
23 Oct | Flats and Slab
US long steel prices rise on solid demand, up October scrap, and new mill price increase
22 Oct | Longs and Billet