January 27, 2011
Nucor announced to increase the base prices of steel flat products further by US$44/ton on this Tuesday, including cold rolled, hot rolled and galvanized steel products.
The company indicated that they decided to rise the steel prices due to strong demand and soaring costs on raw material.
Also, this is the seventh time that Nucor hikes the steel prices since Thanksgiving in last year, with total increase of US$309/ton.
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