Steel Products Prices North America

JSW Follows Other Plate Mills, Raises Prices $120/ton

Written by Michael Cowden

August 3, 2021

JSW Steel (USA) Inc. has increased base prices for plate by at least $120 per ton ($6 per cwt).

The U.S. subsidiary of India’s JSW Group said the price hike was effective immediately for all new, non-contract orders.

JSW USA“This increase applies to our as-rolled and normalized plate products. Our full published extras will also remain in effect,” the company said in a letter to customers dated Friday, July 30.

JSW Steel (USA)’s increase follows triple-digit price hikes announced by other U.S. mills.

The company operates a plate mill in Baytown, Texas, and a sheet mill in Mingo Junction, Ohio.

Plate prices stood at $1,645 per ton ($82.25 per cwt) when this article was filed. That’s up 88% from $875 per ton at the beginning of this year and approaching triple $590 per ton in early August 2020, according to SMU’s interactive pricing tool.

By Michael Cowden, Michael@SteelMarketUpdate.com

 

Michael Cowden

Michael Cowden is managing editor for Steel Market Update. Cowden has covered the steel industry since 2007. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.

Read more from Michael Cowden

Latest in Steel Products Prices North America