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, email@example.com
Laura MillerRead more from Laura Miller
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