Steel Prices

SSAB Americas hikes plate price again, this time by $100/ton

Written by Michael Cowden

February 20, 2025

SSAB Americas aims to increase plate prices by at least $100 per short ton (st).

The steelmaker said the increase was effectively immediately and applied to all new, non-contract orders. All published extras will applied, it added.

“SSAB Americas reserves the right to re-quote any open offers not confirmed by an SSAB order acknowledgement,” the company said in a letter dated Wednesday, Feb. 19, announcing the increase.

SSAB has increased plate prices by a total of $240/st in less than a month. That tally results from the current increase, an increase of $80/st in early February, and another of $60/st in late January, according to SMU’s price announcement calendar.

SSAB also advised customers to contact company sales representatives starting on Monday, Feb. 24, to confirm April prices and production schedules. The company said it had not yet opened May order books for spot business.

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

Michael Cowden

Michael Cowden is managing editor for Steel Market Update. Cowden has covered the steel industry since 2007. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.

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