Steel Prices
SSAB aims to up plate prices by at least $60/ton
Written by Kristen DiLandro
September 26, 2025
SSAB Americas wants to increase prices on all its products by at least $60 per short ton (st).
The steelmaker said in a letter to customers on Friday that the price increase was effective immediately on all new, non-contract orders confirmed to ship from Nov. 2 onward.
SSAB Americas in the same letter said it would begin accepting spot orders for November delivery this week.
It also said it would continue to apply published extras, regional freight premiums, and non-preferred freight mode extras.
SSAB Americas is a subsidiary of Swedish steelmaker SSAB. It operates plate mills in Mobile, Ala., and Montpelier, Iowa.
SMU’s price assessment for plate stands at $960/st on average. That’s down $70/st from $1,030/st a month ago and down $250/st from a year-to-date peak of $1,210/st just before ‘Liberation Day’ in April, according to SMU’s interactive pricing tool.
SMU will next update sheet and plate prices on Tuesday.
Kristen DiLandro
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