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
Read more from David SchollaertLatest in Steel Products

Galv buyers less optimistic about short-term market
“It was a little more of a seller's market as contractors seemed to be protecting themselves against a potential run up in prices," one buyer said.

SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]

US, offshore CRC prices continue to fall
US cold-rolled (CR) coil prices were down again this week, slipping six weeks in a row and seeing the sharpest drop-off since last July.

Asian HR remains much cheaper than US, EU product
Domestic hot-rolled (HR) coil prices fell this week, now down seven of the last eight weeks.

April service center shipments and inventories report
Flat rolled = 57.6 shipping days of supply Plate = 54.5 shipping days of supply Flat rolled US service centers’ flat-rolled steel supply edged up in April, as shipments slowed. At the end of April, US service centers carried 57.6 shipping days of supply, according to adjusted SMU data. This is up from 56.4 shipping […]