Steel Products Prices North America
SSAB Announces Plate Price Increase
Written by John Packard
June 11, 2015
SSAB Americas sent a letter to their customers today advising that they are taking plate prices higher by $25 per ton. Here is the content of the SSAB letter:
To Our Valued Customers:
Please be advised that effective immediately SSAB Americas is raising the transaction price for all non-contract As-Rolled Mill Plate, Cut-To-Length Plate >72”, Hot Rolled Coils >72”, as well as Normalized and Quenched & Tempered Plate by a minimum of $25 per ton.
This increase is effective immediately for all orders acknowledged for shipment the week of July 12, 2015, and beyond.
We also reserve the right to re-quote any open offers that are not confirmed with an SSAB order acknowledgement. SSAB continues to monitor market conditions in order to better realize the value our products bring to our customers. All other Terms and Conditions of Sale remain unchanged.
Please contact your SSAB commercial representative with any questions and thank you for your continued support.
Sincerely,
Christine Ovsenar
Director of Sales – Commercial Products
SSAB Americas
John Packard
Read more from John PackardLatest in Steel Products Prices North America
SMU Price Ranges: Sheet Slips Again on Strike, But Is a Bottom in Sight?
Sheet prices slipped again this week on news of the United Auto Workers (UAW) strike and continued caution among some consumers.
HRC vs. Galv Price Spread Widened This Summer
The spread between hot-rolled coil (HRC) and galvanized sheet base prices widened throughout the summer as hot rolled prices declined faster than those of galvanized.
SMU Price Ranges: Sheet Slips Again on UAW Strike Fears
Sheet prices fell across the board ahead of what many market participants predict will be a strike by the United Auto Workers (UAW) later this week.
Nucor Lowers Plate Prices by $40/t
Nucor Corp. will lower plate prices by $40 per ton ($2 per cwt) with the opening of its October order book.
SMU Price Ranges: Sheet Prices Move Lower, No Bottom Yet
Sheet prices have fallen this week, after a small pause last week when prices saw mixed results. Tags have now been largely trending lower since July.