25
Jan
17:59
Nucor joins SSAB plate hike
In a surprise move, Nucor has followed the $50/short ton plate increase announced by SSAB Americas, Kallanish reports.
SSAB’s increase was labelled as a strategic move by market observers, who viewed it as an insulator for a scheduled late March outage.
“Nucor followed, much to my surprise, but I do not believe it will stick,” says one buy-side source. “This is getting out of hand. Business conditions are better and imports are down, b…
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Anonymous
Very good overview of the weekly steel market.
Anonymous