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Nucor sent its customers a price adjustment notification on 29 November for orders of as-rolled discrete plate, normalised plate, and quench and tempered plates, effective for new orders, Kallanish learns. The company is reducing prices by $140/short ton. “My guess is that Nucor is trying to regain market share they’ve recently lost,” a plate distributor says. For the week of 30 November, Kallanish puts US plate prices at $1,460-1,49…
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