Steel Products Prices North America
SSAB, Evraz Follow Nucor and Raise Plate Prices
Written by Michael Cowden
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.
“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
Read more from Michael CowdenLatest in Steel Products Prices North America
CRU: Longs pricing trends diverge in North, South America
Most longs prices in the US were unchanged this month, except for rebar, which declined by $1.50/cwt ($30/short ton) m/m. While end-use demand is stable, inventories are well-stocked, keeping purchases limited. Domestic availability is sufficient to meet current demand, hindering the appetite for imported material. Meanwhile, prices for scrap remained under pressure in June, with […]
Nucor cuts plate prices by $125/ton, cites ongoing competition
Nucor Corp. announced that its plate mill group would cut prices for as-rolled, discrete, and normalized plate with the opening of its August order book.
Nucor cuts HR price for fourth straight week
Nucor lowered its consumer spot price (CSP) for hot-rolled (HR) coil by another $10 per short ton (st) for the first week of July. The steelmaker said in a letter to customers on Monday that its CSP base price for the week will be $670/st for all of its sheet mills with the exception of California Steel Industries (CSI).
Cliffs sets $720/ton HR price with opening of August books
Cleveland-Cliffs on Tuesday announced its monthly hot-rolled (HR) coil price of $720 per short ton (st) with the official opening of its August order book. The rate is down from last month’s price of $800/st.
CRU: Demand weakness continues to weigh on global sheet markets
Demand has remained persistently weak across the globe for sheet steel, weighing on prices. US HR coil prices fell the furthest this week as high-volume, low-priced deals were transacted as mills looked to fill order books and competed with one another amid relative demand weakness. Meanwhile, European prices were also down due to low demand […]