Steel Products Prices North America
ArcelorMittal Seeks Another $50 on Plate
Written by Tim Triplett
October 16, 2020
ArcelorMittal USA has notified customers of a $50 per ton increase in the minimum base price for its plate products, following a similar announcement by SSAB Americas last week.
This is the second $50 plate price increase for ArcelorMittal USA since Sept. 29, when SSAB and Nucor also announced increases. Plate prices had struggled to gain much traction in the market in September and October, though that may be changing. Steel Market Update’s check of buyers this week puts the average plate price at $660 per ton, up by about $25.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
SMU Price Ranges: Sheet and plate move ‘soft sideways’ to start August
Sheet and plate prices were either flat or modestly lower this week on softer demand and increasing domestic capacity.
Nucor lowers HRC list price to $890/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was adjusted $10 per short ton (st) lower this week after holding steady last week.
CRU: Q3 will be the lowest point in current sheet price cycle
CRU Principal Analyst Shankhadeep Mukherjee expects a restocking cycle for steel sheet products in most parts of the world due to either low inventories or seasonally stronger demand.
CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
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.