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
Read more from David SchollaertLatest in Steel Prices
SMU price ranges: Market stabilizes as summer slowdown begins
Most sheet and plate prices edged lower again this week, albeit at a slower pace compared to the movements seen over the last seven weeks. Buyers remain cautious and hesitant to hold onto much inventory, citing lingering demand concerns, ongoing tariff uncertainty, and a potentially weakening scrap market in June.
CRU: Pig iron prices stable to low in key markets amid soft demand
Market participants in both the US and Europe noted that most buyers are patiently waiting for prices to reduce as they have enough inventory at hand.
SMU price ranges: Indices drop across the board
All of SMU’s sheet and plate steel price indices declined this week, easing by $30-40 per short ton (st) on average since early May. Prices continue to slide lower as buyers remain on the sidelines, wary of holding much excess inventory and expecting further declines.
HRC vs. prime spread narrows further in May
The price spread between hot-rolled coil (HRC) and prime scrap narrowed again in May, according to SMU’s most recent pricing data.
Miller on Pig Iron: Buyers eye lower prices
Since the US ferrous scrap settlements for May have been finalized, steelmakers are turning their attention to continued pig iron flows with the wind behind their backs.