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
CRU: Q3 will be the lowest point in current sheet price cycle
CRU Principal Analyst Shankhadeep Mukherjee expects a restocking cycle for steel sheet products in most parts of the world due to either low inventories or seasonally stronger demand.
CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
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.