Steel Mills

SSAB Hikes Price by Another $50
Written by Tim Triplett
March 15, 2018
SSAB Americas announced yesterday, March 14, that it is increasing steel transaction prices by a minimum of $50 per ton for customers in the United States, and $60 per ton for customers in Canada, effective immediately on all new non-contract orders, and for all existing noncontract orders acknowledged for shipment the week of April 29 and beyond.
The increase will apply to As-Rolled Mill Plate, Cut-To-Length Plate >72”, Hot Rolled Coils >72”, as well as Normalized and Quenched & Tempered Plate. All extras will be applied as published.
This is the fourth price increase announced by the company this year totaling $200 per ton. It follows on $50 increases on plate Feb. 16 and Jan. 8, and a $50 increase on plate and hot roll on Jan. 29.
In a letter to customers, the company stated: “SSAB continues to monitor market conditions in order to better realize the value our products bring to our customers.”
Plate service centers have advised Steel Market Update that this puts the new plate prices at $960-$1025 per ton depending on supplier.

Tim Triplett
Read more from Tim TriplettLatest in Steel Mills

Explosion rocks ArcelorMittal’s DR plant in Mexico
ArcelorMittal reported a "strong" explosion at the direct reduction part of its massive Lazaro Cardenas mill in Mexico.

SDI to acquire remaining stake in New Process Steel
Steel Dynamics Inc. (SDI) announced that it has agreed to acquire the remaining 55% equity interest in New Process Steel.

North Star results improve despite buyer caution as tariffs drive prices higher
North Star BlueScope said it is optimistic that US tariffs will bolster selling prices and tighten the spread the Australia-based steel maker suffered in 2025.

AISI: Domestic steel production edges down
US raw steel production declined last week, according to the latest data released by the American Iron and Steel Institute (AISI).

Cliffs inks longer-term contracts with US automakers hedging tariff inflation: Report
Cleveland-Cliffs Inc. has reportedly signed "unusually long" fixed-price supply agreements with multiple US automakers.