Plate
April 12, 2022
Written by Brett Linton
Sheet prices were flat or fell modestly across this board this week for the first time since late February.
Case in point: SMU’s average hot-rolled coil price slipped to $1,450 per ton, down $10 per ton from last week. The decline, while negligible in absolute terms, marks the first time HRC prices have not risen since early March – when they shot upward on Russia’s invasion of Ukraine.
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.