Steel Products Prices North America
Nucor & SSAB Raise Plate Prices
Written by John Packard
December 15, 2015
SMU was advised over the weekend that Nucor had raised spot plate pricing by $30 per ton.
On Monday, SSAB followed the Nucor lead by providing a letter to their customers advising them, “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 $30 per ton.”
SSAB advised their customers that the mill reserves the right to re-quote open offers that have not been confirmed by the mill. The mill also advised they were monitoring market conditions, “…in order to better realize the value our products bring to our customers.”
In other words SSAB customers should anticipate that further announcements may be coming depending on the market’s acceptance to this initial increase.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
Thin demand keeps plate prices hovering at lowest levels since February
Participants in the domestic plate market say spot prices appear to have hit the floor, and they continue to linger there. They say demand for steel remains thin, with plate products no exception.
SMU Price Ranges: HR crawls back to $800/ton
SMU’s HR price stands at $800/st on average, up $5/st from last week. The modest gain came as the low end of our range firmed, and despite the high end of our range declining slightly.
SMU successfully completes IOSCO review
SMU has successfully completed an external review of all our prices. The review has concluded that they algin with principles set by the International Organization of Securities Commissions (IOSCO).
Domestic plate prices could heat up despite so-so demand, market sources say
Some sources also speculated that plate could see further price increases thanks to modest but steady demand, lower imports, mill maintenance outages, and end markets less immediately affected by tariff-related disruptions.
SMU Price Ranges: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.