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: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.
Nucor carries $875/ton HR list price into week seven
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Oct. 6
SMU Price Ranges: A newsy week sees modest price gains despite a quiet spot market
Market participants predicted that prices should be at or near a bottom. But while most seemed to agree on that point, many also said they saw little upside given a quiet spot market and ongoing concerns about demand.
Nucor increases plate prices by $60/ton
Nucor aims to increase prices for steel plate by $60 per short ton with the opening of its November order book.
Nucor’s $875/ton HR spot price spills into week six
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Sept. 29.