<article><p class="lead">North American steelmakers Nucor and ArcelorMittal Dofasco have joined others in raising sheet prices.</p><p>Electric arc furnace (EAF) steelmaker Nucor, one of the largest, increased its price yesterday by $60/short ton (st) on new orders.</p><p>Market participants had been waiting for Nucor to announce its own price increase after Cleveland-Cliffs and US Steel increased prices earlier in the week. </p><p>Nucor also this week <a target="_blank" href="https://www.argusmedia.com/metals-platform/newsandanalysis/article/2396014-Nucor-drops-plate-prices-by--140-st">dropped its plate prices</a> by $140/st to $1,480/st. The drop came as plate pricing remains at a significant premium to hot-rolled coil (HRC) prices, which generally track much closer to plate. </p><p>Integrated steelmaker ArcelorMittal Dofasco increased prices yesterday by C$80/st ($59.60/st). </p><p>Neither listed what minimum prices they are targeting. </p><p>The two companies followed $60/st increases by Cliffs and US Steel. Canadian integrated steelmaker Stelco <a target="_blank" href="https://www.argusmedia.com/metals-platform/newsandanalysis/article/2396050-Canada-s-Stelco-raises-sheet-prices-by-C-80-st">raised prices by C$80/st</a> on 29 November. </p><p>While it remains to be seen if the increases will be accepted, more steel buyers see the moves helping to set a price floor.</p><p>The <i>Argus</i> US HRC Mdiwest ex-works assessment was <a target="_blank" href="https://www.argusmedia.com/metals-platform/newsandanalysis/article/2395759-US-HRC--Spot-prices-flat--mills-push-increases">assessed at $628/st</a>, flat from the last week and down by 60pc since the beginning of the year.</p><p class="bylines">By Rye Druzin</p></article>
