Steel Products Prices North America
SSAB Americas Increases Plate Prices by $40
Written by Tim Triplett
December 3, 2020
SSAB Americas notified customers Wednesday that it is increasing transaction prices by $40 per ton on non-contract orders of its plate products “to maintain fair market value for its products.”
The increase applies to As-Rolled Mill Plate, Cut-To-Length Plate >72”, Hot Rolled Coils >72”, Normalized Plate and Quenched & Tempered Plate shipped via preferred freight mode. Published extras, regional freight premiums and non-preferred freight mode extras will be applied, the company said.
SSAB Americas’ February order book remains closed for non-contract orders until further notice. The February price will be advised at the time of February order placement.
SSAB Americas’ move follows on an announcement earlier in the week from Nucor’s Plate Group, which set base plate prices of $36/cwt for as-rolled discrete plate, $40.50/cwt for normalized plate and $46.50 for quenched & tempered plate, not counting adders and extras. Nucor now quotes prices on an ex-works basis rather than a delivered price to customers, not counting applicable freight and fuel surcharges.
Steel Market Update’s check of the market this week puts the average spot price for plate at around $760 per ton or $38/cwt, delivered.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
HRC vs. prime scrap spread widens in June
The price spread between HRC and prime scrap widened in June.
SMU price ranges: Steel prices rise in response to tariffs
Steel prices climbed for a second straight week across all five sheet and plate products tracked by SMU.
Nucor lifts list price for spot HRC by $20/ton
The $20/short ton increase applies to all of the steelmaker’s sheet mills, including West Coast joint-venture subsidiary CSI.
Nucor pauses month-long slide in weekly HR price
Nucor halted a four-week decline in its spot price for hot-rolled coil this week, maintaining its weekly consumer spot price (CSP) at $870/st.
Nucor lowers HRC by $10/ton in fourth straight cut
Nucor has lowered its consumer spot price (CSP) for hot-rolled coil by $10 per short ton (st), marking the fourth consecutive weekly decrease.