Steel Products Prices North America

SSAB, Evraz Follow Nucor and Raise Plate Prices

August 26, 2021

At least two U.S. plate mills – SSAB Americas and Evraz North America – have followed Nucor in raising plate prices.

SSAB has increased prices by $85 per ton (Canadian $105 per ton) for commercial, non-quenched-and-tempered (Q&T) product and by $170 per ton (C$215 per ton) for Q&T material.

steel plate “These increases are to be applied to all new commercial stock orders from the mills and cut-to-length lines as well as (to) all new non-contract production orders for October,” the company said in communications to customers dated Wednesday, Aug. 25.

Evraz North America announced a similar increase: at least $85 per ton – effective immediately – for all carbon and high-strength low-alloy plate as well as for hot-rolled coil. The steelmaker said it would also increase prices for normalized and Q&T products by at least $165 per ton.

“We reserve the right to re-quote any offers that have not been confirmed,” the company said in a letter to customers on Wednesday.

The moves by SSAB Americas and Evraz come after Nucor last Friday kicked off the latest round of plate price hikes.

By Michael Cowden, Michael@SteelMarketUpdate.com

Michael Cowden

Michael Cowden is editor-in-chief 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.