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
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