Steel Prices

Evraz raises plate prices $160/ton

Written by David Schollaert

February 25, 2025

Evraz North America (NA) has followed Nucor and SSAB with a plate price increase of its own: up $160 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, the steelmaker said in a letter to customers on Feb. 25.

Chicago-based Evraz NA, a subsidiary of London-based Evraz plc, also said it reserved the right to re-quote any offers that had not been confirmed.

In under a month, Evraz NA, SSAB Americas, and Nucor have all increased plate prices by $240-280/st, issuing multiple pricing letters since Jan. 27.

Plate prices stand at $1,000/st on average, according to our Feb. 18 check of the market. Tags are up by $100/st in less than a month – you can track those changes on SMU’s interactive price tool.

SMU will next update its plate prices tonight, Feb. 25.

You can keep tabs on mill price announcements here.

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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