Steel Products

SSAB Americas ups plate price by $60/ton

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

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.