Steel Products Prices North America
SSAB Increases Plate Prices By Another $50
Written by Tim Triplett
December 8, 2019
SSAB Americas notified customers on Friday, Dec. 6, that it is increasing transaction prices by a minimum of $50 per ton effective immediately for all new non-contract orders. Other mills are expected to follow.
SSAB’s increase applies to As-Rolled Mill Plate, Cut-To-Length Plate >72”, Hot Rolled Coils >72”, as well as Normalized Plate and Quenched & Tempered Plate. All extras will be applied as published.
This latest price hike comes on top of two $40 increases announced by SSAB in November for a total of $130.00 per ton ($6.50/cwt) in the past 45 days.
Steel Market Updates sources report plate lead times moving out to the end of January.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
BREAKING NEWS: NLMK USA up $50/ton on HR and CR, up $100/ton on coated
NLMK USA plans to increase prices for hot-rolled and cold-rolled coil by at least $50 per short ton (st). The move is effective immediately for all spot orders, the steelmaker said in a letter to customers on Friday.
SMU Price Ranges: Sheet floor holds as market debates upside
Our average HR coil price increased $5/short ton from last week, marking a second consecutive week of modest gains. Market participants generally attributed the increase to...
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).