Steel Products
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.
T
he 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-$1,025 per ton depending on supplier.
{loadposition reserved_message}
Tim Triplett
Read more from Tim TriplettLatest in Steel Products
Findings from the Clairton investigations prompt USS to revise safety protocols
U.S. Steel (USS) said it’s been strengthening its safety protocols as findings from investigations into the causes of a deadly explosion at USS Clairton Coke Works on Aug. 11 materialize. The Pittsburgh, Pa.-headquartered steel producer stated that an independent investigation conducted by the Environmental Design & Testing Corp (EDT) produced findings aligned with the company’s […]
Active rig counts rise in US and Canada
Drilling activity increased in both the US and Canada last week, according to the latest oil and gas rig count data released by Baker Hughes.
FabArc Steel Supply completes projects in Mississippi, Georgia
FabArc Steel Supply announced this week the completion of two large-scale projects in Georgia and Mississippi.
US rig count slips, Canada ticks higher
ncreases through September, according to the latest Baker Hughes rig count data.
CRU: EC to toughen steel safeguards
The European Commission proposes cutting its steel import quota by almost half, with volumes exceeding the limit facing 50% duties. The region’s steel industry welcomes the move, while other steel-producing nations fear the consequences. CRU published an insight before this announcement, noting that more restrictive trade policy could significantly raise the cost of marginal supply […]