Prices
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
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