Steel Products
SSAB Americas ups plate price by $60/ton
Written by David Schollaert
March 21, 2025
SSAB Americas aims to increase plate prices by at least $60 per short ton (st) ahead of opening their May order book.
The steelmaker said the increase was effective immediately and applied to all new, non-contract orders. All published extras will apply, it added.
“SSAB Americas reserves the right to re-quote any open offers not confirmed by an SSAB order acknowledgment,” the company said in a letter dated Friday, March 21.
SSAB has increased plate prices by a total of $300/st in less than two months. That tally results from the current increase, two separate increases in February totaling $180/st, and another of $60/st in late January, according to SMU’s price announcement calendar.
SSAB also advised customers to contact company sales representatives to confirm prices and production schedules. The company said its May order book will open “early next week” for spot business.
SSAB Americas is a subsidiary of Swedish steelmaker SSAB. The company operates plate mills in Mobile, Ala., and Montpelier, Iowa.
David Schollaert
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