Steel Mills

Evraz NA Hikes Plate Prices, Ups Ante by $40/ton on Q&T
Written by Michael Cowden
September 27, 2021
Evraz North America (NA) has followed other domestic mills in raising prices for steel plate.
The increases are effective immediately for all new orders, the Chicago-based steelmaker, a subsidiary of London-based Evraz Plc, said in a letter to customers dated Monday, Sept. 27.
Evraz NA is increasing transactions by at least $80 per ton ($4 per cwt) for all carbon and high-strength low-alloy plate as well as for hot-rolled coil.
The increase for normalized and quenched-and-tempered products is a steeper $240 per ton ($12 per cwt), the company said in the letter.
The price hike announced by Evraz NA broadly follows those rolled out last week by Mobile, Ala.-based SSAB Americas and Charlotte, N.C.-based Nucor. But Evraz upped the ante on Q&T by $40 per ton versus the $200-per-ton increase announced by its domestic competitors.
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 Mills

Cliffs opens June spot order book at $910/ton HR
Cleveland-Cliffs opened its June order book for spot material at $910 per short ton (st).

Op-Ed: Ternium CEO Máximo Vedoya wants a fair future forged in steel
After recently receiving an industry honor on behalf of Ternium, I had the opportunity to reflect and share my vision on the state and future of our industry.

Nippon eyeing new $4B U.S. Steel mill to sweeten deal: Report
Nippon Steel could build a new domestic U.S. Steel mill with a total investment of $4 billion.

Nucor cuts CSP by $20/ton, third straight drop
Nucor has lowered its consumer spot price by $20 per short ton, marking the third consecutive weekly decrease.

Nucor reports IT systems breach
Nucor said it temporarily and proactively halted some production operations at various locations.