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 TriplettRead more from Tim Triplett
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