Evraz NA Hikes Plate Prices, Ups Ante by $40/ton on Q&T

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 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

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.