Steel Products

SSAB ups plate prices by $80/ton

Written by David Schollaert

February 5, 2025

SSAB Americas has again followed Nucor’s lead, raising plate prices by $80 per short ton (st).

The increase is effective immediately for all new non-contract orders, as the steelmaker stated in a letter to customers on Wednesday, Feb. 5.

“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 letter read.

The move comes after SSAB announced an increase of at least $60/st last week, mirroring Nucor’s increase made earlier that week.

Plate prices stand at $910/st on average this week, a $10/st increase from last week and a $65/st rise compared to two weeks ago in response to repeated mill price hikes, according to SMU’s interactive price tool. You can also track mill price announcements here.

SSAB Americas is a subsidiary of Swedish steelmaker SSAB. The company operates plate mills in Mobile, Ala., and Montpelier, Iowa.

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.

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