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Nucor holds most March plate prices unchanged

February 03, 2012 - 03:06 GMT Location: New York

KEYWORDS: Nucor , steel , steel plate , plate prices , anne riley

At least one major steelmaker will hold prices for carbon-grade plate unchanged in March, dispelling earlier speculation that a third first-quarter increase could be in the works.

But the group’s heat-treat plate prices for March will increase by $40 per ton effective with orders scheduled to ship this week, the Charlotte, N.C.-based steelmaker said.

Nucor’s decision to hold carbon-grade plate prices steady for March might have come as a surprise to some players in the market, who said they had heard rumblings recently of another increase due to mills’ steady order entry rate (AMM, Jan. 20).

Industry sources confirmed Thursday that demand in the domestic plate sector had not abated, particularly from the heavy equipment and energy...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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