Steel Products Prices North America

SSAB Hikes Plate Price by Another $50
Written by Tim Triplett
October 16, 2020
SSAB Americas has announced another price increase on steel plate, informing customers Friday, Oct. 16, that it has increased transaction prices by a minimum of $50 per ton effective on all new non-contract orders.
SSAB said the increase applies to As-Rolled Mill Plate, Cut-To-Length Plate >72”, Hot Rolled Coils >72”, Normalized Plate and Quenched & Tempered Plate. All published extras and regional freight premiums continue to be applied.
Additionally, SSAB has begun accepting non-contract orders for December shipment.
This is the second price increase for SSAB since Sept. 29 when it announced a similar $50 hike. ArcelorMittal and Nucor also announced increases on plate at that time.
Steel Market Update’s latest check of the market puts the average plate price at $635 per ton, little changed in the past two weeks, which may help explain why SSAB is doubling down in hopes of “maintaining fair market value for SSAB products.”

Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America

SMU price ranges: Flat-rolled balloon continues to leak
Sheet and plate prices were flat or lower again this week on continued concerns about demand and higher production rates among US mills.

HRC vs. busheling spread narrows in August
The price spread between prime scrap and hot-rolled coil (HRC) narrowed in August, according to SMU’s most recent pricing data.

SMU Price Ranges: Market drifts lower still
All five of SMU's steel sheet and plate price indices declined this week, falling to lows last seen in February.

Discontentment brews in plate market with flat, status-quo pricing
Sources in the carbon and alloy steel plate market said they are less discouraged by market uncertainty resulting from tariffs or foreign relations, but are instead, eager to see disruption to the flat pricing environment.

Nucor lowers HR coil spot price by $15/ton
Nucor has implemented a double-digit price decrease on spot hot-rolled (HR) coil for the second consecutive week.