Steel Products
SSAB, Evraz also up plate prices by $60/ton
Written by David Schollaert
January 28, 2025
Two US plate mills – SSAB Americas and Evraz North America (NA) – have followed Nucor so far in raising plate prices, with the opening of their March order books.
The increases are effective immediately for all new orders, both mills said in letters to customers.
Evraz NA said it was increasing transactions by at least $60 per short ton (st) for all carbon, high-strength low-alloy, and normalized and quenched-and-tempered plate products, as well as for hot-rolled coil (HR) as of Monday, Jan. 27.
Any offers that have not been confirmed, the steelmaker said, it reserves the right to re-quote.
SSAB announced a similar increase: at least $60/st (Canadian $85/st) for as-rolled, normalized, quenched-and-tempered, and wide-cut-to-length plate products.
The increase is on all new orders and non-contract orders confirmed to ship March 3 and beyond, the letter said.
“SSAB Americas reserves the right to re-quote any open offers not confirmed by an SSAB order acknowledgment. All other terms and conditions of sale remain unchanged,” the company said on Tuesday, Jan. 28.
The moves by SSAB Americas and Evraz NA come after Nucor kicked off the latest round of plate price hikes Monday morning.
Plate prices stand at $845/st on average, down $5/st from a week ago, according to SMU’s interactive price tool. Our HR price is at $685/st on average, unchanged from a week earlier.
SMU will next update its plate prices later today. And you can also track mill price announcements here.
Evraz NA is a Chicago-based steelmaker and subsidiary of London-based Evraz Plc.
SSAB Americas is a subsidiary of Swedish steelmaker SSAB. The company operates plate mills in Mobile, Ala., and Montpelier, Iowa.
David Schollaert
Read more from David SchollaertLatest in Steel Products
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
U.S. Steel to halt slab conversion at Granite City Works
U.S. Steel said it plans to reduce slab consumption at its Granite City Works near St. Louis, a company spokesperson said on Monday. The Pittsburgh-based steelmaker will shift the production and processing of steel slabs to its Mon Valley Works near Pittsburgh and its Gary Works near Chicago. Citing a United Steelworkers (USW) union memo, […]
SMU Week in Review: September 1-5
Here are highlights of what’s happened this past week and a few upcoming things to keep an eye on.
HR Futures: Market finds footing on supply-side mechanics
As Labor Day marks the transition into fall, the steel market enters September with a similar sense of change. Supply-side fundamentals are beginning to show signs of restraint: imports are limited, outages loom, and production is capped, setting the stage for a market that feels steady on the surface but still unsettled underneath.
Beige Book: US markets remain cautious amidst volatile pricing environment
Sluggish economic activity across the US was largely attributed to uncertainty caused by tariff policies and growing cost pressures, according to the US Federal Reserve’s (The Fed) latest Beige Book report. The Fed’s latest economic report, posted on Sept. 3, consists of economic findings from the six weeks preceding Aug. 25 throughout 12 districts. Economic […]