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
SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.
Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.
Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.
Cliffs raises prices, seeks $950/ton for July spot HR
Cleveland-Cliffs plans to increase prices for hot-rolled (HR) coil to $950 per short ton (st) with the opening of its July spot order book. The Cleveland-based steelmaker said the price hike was effective immediately in a letter to customers dated Monday.
HRC vs. prime scrap spread widens in June
The price spread between HRC and prime scrap widened in June.