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: 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.

SMU Price Ranges: Sheet and plate flat or down as hopes of rebound meet ‘blah’ demand
Sheet and plate prices were flat or lower this week as less discounting from domestic mills was offset by few signs of an anticipated rebound in demand.

Price gap between US CR, most imports narrows
Cold-rolled (CR) coil prices ticked up in the US this week, matching a similar trend seen in offshore markets as well.