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: 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.