Plate
December 19, 2021
Written by Michael Cowden
It’s not just domestic steel prices that are falling rapidly, so too are prices abroad.
Case in point: South Korean steelmaker Hyundai. Its latest offer for hot-rolled coil for February-March shipment to the West Coast is $1,450 per ton DDP to Los Angeles-area ports.
SSAB Americas aims to increase base plate prices by at least $60 per short ton (st), according to a letter sent to customers on Monday.
The Department of Commerce thinks revoking the anti-dumping duty (AD) orders on cut-to-length carbon steel plate from China and Russia would lead to the recurrence of dumping at significant margins.
Algoma Steel Group Inc. expects the first heat from its second electric-arc furnace (EAF) in the coming days, even as it forecasts a quarterly EBITDA loss and a 20% decline in shipments.
Nucor said on Thursday evening it plans to increase plate prices by $60 per short ton (st) as it opens its November order book.
The results of the latest Steel Market Update (SMU) flat-rolled market survey are now available on our website to all premium members.