8,643.88 TRY BIST 100 BIST 100
4.87 CNY CNY CNY
34.34 USD USD USD
37.42 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
45.07 TRY Interest Interest
75.11 USD Fossil Oil Fossil Oil
32.50 USD Silver Silver
4.45 USD Copper Copper
102.15 USD Iron Ore Iron Ore
374.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,026.19 TRY Gold (gr) Gold (gr)

Nucor increased steel sheet prices

Nucor increased its base prices for steel sheets on Tuesday.

Nucor increased steel sheet prices
Nucor said Tuesday it plans to increase base prices for steel sheet by at least $40/st. The increase initiative is the second attempt by local steelmakers in a few weeks to try and increased steel prices after almost a year of decrease.
The Charlotte-based steelmaker said the increase was made for all hot-rolled, cold-rolled and galvanized coil products and was effective immediately.
At the end of June, many of the local steelmakers said they would increased prices by $40/st or announce new higher base prices. Many market participants weren't sure about the timing of the initial announcement, as the U.S. holiday on July 4 was the following week. Steel prices were not affected by the initial increase, despite high plant bids.
The daily Platts TSI US HRC assessment has decreased from $11/st to $509.25/st since the initial announcement on Monday, decreased by $410.75/st from peaks last July.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Türkiye's iron and steel export value was 7.8 billion USD in January-September period

Tuesday, November 5, 2024

European Commission approves EUR 724 million in funding towards Denmark

Tuesday, November 5, 2024

Indonesia's coal production targets under threat

Tuesday, November 5, 2024

AM/NS India is set to develop one of India’s most substantial steel projects

Monday, November 4, 2024

Cleveland-Cliffs completes acquisition of Stelco

Monday, November 4, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now