Plate
February 7, 2025
Written by David Schollaert
Evraz North America (NA) has followed Nucor and SSAB in raising plate prices by $40 per short ton (st).
The increase was effective immediately for all new orders of carbon, high-strength low-alloy, and normalized and quenched-and-tempered plate products, as well as for hot-rolled coil (HR), the steelmaker stated in a letter to customers Feb. 7.
Algoma Steel Group Inc. expects the first heat from its second electric-arc furnace (EAF) in the coming days, even as it forecasts a quarterly EBITDA loss and a 20% decline in shipments.
Nucor said on Thursday evening it plans to increase plate prices by $60 per short ton (st) as it opens its November order book.
The results of the latest Steel Market Update (SMU) flat-rolled market survey are now available on our website to all premium members.
Steel mill lead times continued to expand for sheet and plate products this week, according to buyers responding to our latest market survey.
The US Department of Commerce has determined that the anti-dumping duty (AD) suspension agreement on cut-to-length plate imports from Ukraine should not be sunset.