Steel Products Prices North America

SSAB Follows Nucor, Raises Plate Prices $80-200 Per Ton
Written by Michael Cowden
September 24, 2021
SSAB Americas has followed competitor Nucor in raising prices for steel plate by at least $80-200 per ton ($4-10 per cwt).
The price hike is effective immediately for all new spot orders, the Mobile, Ala.-based steelmaker said in letters to customers on Friday, Sept. 24
The increase of $80 per ton (Canadian $100 per ton) applies to as-rolled mill plate and coil, cut-to-length plate more than 72 inches wide, and normalized plate. The increase of $200 per ton ($C250 per ton) is for quenched-and-tempered plate, the company said.
Published extras, regional freight premiums and non-preferred freight mode extras will also be applied, SSAB said.
SSAB’s increase follows a leading move announced by Charlotte, N.C.-based Nucor on Wednesday, Sept. 22.
Plate prices stand at $1,740 per ton ($87 per cwt), down $5 per ton from a week ago but up $70 per ton from $1,670 per ton last month, according to SMU’s interactive price tool.
SMU will next update its plate prices on Tuesday, Sept. 28.
By Michael Cowden, Michael@SteelMarketUpdate.com

Michael Cowden
Read more from Michael CowdenLatest in Steel Products Prices North America

SMU Price Ranges: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.

Nucor carries $875/ton HR list price into week seven
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Oct. 6

SMU Price Ranges: A newsy week sees modest price gains despite a quiet spot market
Market participants predicted that prices should be at or near a bottom. But while most seemed to agree on that point, many also said they saw little upside given a quiet spot market and ongoing concerns about demand.

Nucor increases plate prices by $60/ton
Nucor aims to increase prices for steel plate by $60 per short ton with the opening of its November order book.

Nucor’s $875/ton HR spot price spills into week six
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Sept. 29.