Steel Products Prices North America

SSAB Increases Plate Prices By Another $50

Written by Tim Triplett

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.

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