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    January 30, 2025

    Plate report: Mills pushing price up, but still willing to talk

    Written by David Schollaert

    US plate prices just last week hit their lowest level in more than four years, and a fraction of their all-time high of $1,940 per short ton (st) in May 2022. But repeated mill price hikes this week may have stopped the bleeding and could signal a rebound.

    Nucor kicked things off, notifying customers Monday morning of a $60/st price bump on plate products. Evraz North America and SSAB Americas both followed the Charlotte, N.C.-based steelmaker with $60/st increases of their own.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

    Read more from David Schollaert

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