Steel Mills

Evraz NA Ups Plate Prices by $60/ton

March 15, 2023

Evraz North America is joining other steelmakers in raising prices for steel plate.

All new orders for carbon, high-strength low-alloy, hot-rolled coils, normalized, and quenched-and-tempered products will immediately increase by a minimum of $60 per ton ($3 per cwt), the Chicago-based steelmaker said in a letter to customers.

“We reserve the right to re-quote any offers that have not been confirmed,” Evraz NA’s flat products group also stated.

There has been little uniformity in steelmakers’ latest round of plate price increases. Earlier this week, SSAB Americas announced an $80-per-ton increase for plate products, and Nucor increased plate prices by $50 per ton. Last week, Cleveland-Cliffs said it was raising plate prices by $60 per ton.

SMU’s market check on March 14 puts plate prices between $1,480–1,560 per ton and our price momentum indicator for plate continues to point higher.

By Laura Miller, laura@steelmarketupdate.com

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.