Steel Products

SSAB Hikes Price by Another $50

Written by Tim Triplett

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.

TSSABhe 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.

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