Steel Prices
Evraz increases plate prices again, up $40/ton
Written by David Schollaert
February 7, 2025
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.
Evraz NA also said it reserved the right to re-quote any offers that had not been confirmed.
Evraz NA, SSAB Americas, and Nucor have all followed up on their initial price bumps at the opening of their March order books with a second round of increases. Nucor was the first, followed by SSAB, and now Evraz.
Plate prices stand at $910/st on average this week, up $10/st from last week and up $65/st compared to two weeks ago, according to SMU’s interactive price tool.
SMU will next update its plate prices Feb. 11. You can also track mill price announcements here.
Evraz NA is a Chicago-based steelmaker and a subsidiary of London-based Evraz Plc.
David Schollaert
Read more from David SchollaertLatest in Steel Prices
CRU Outlook: Global steel sheet prices set to rise, but the near-term uptrend will be limited
Sheet prices are expected to increase in the coming weeks in most markets. However, rising domestic capacity in the US, subdued demand in Europe, and high inventory levels in China and India will limit price near-term uptrend.
Some Asian HR prices theoretically lower than US HR tags despite 50% S232 tariff
Domestic hot-rolled (HR) coil prices ticked down this week after holding flat since mid-August. Offshore prices largely all moved higher week over week (w/w), widening the margin between stateside and foreign product.
Hot-rolled market participants say ‘doldrums’ to roll on through year-end
Participants in the hot-rolled steel sheet market expect the market to remain subdued through the end of the year.
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.