Mills
November 11, 2025
Written by David Schollaert
JSW Steel USA aims to increase prices by at least $40 per short ton (st) for steel plate.
The Baytown, Texas-based steelmaker announced the increase, effective immediately for all non-contract orders, in a letter to customers dated Nov. 7.
Members of the Global Forum on Steel Excess Capacity (GFSEC) met in Wisconsin last week and unveiled an updated plan to combat market-distorting excess capacity. The Milwaukee Framework adds color to the 2017 “Berlin Principles.” It is also a positive step in the ongoing battle against global steel market distortions. However, the Framework is only a guidepost. It must be implemented correctly to make an impact as new problems loom.
As substrate costs continue to rise, Nucor Tubular Products announced a price increase for heavy structural sections (HSS), mechanical, and piling products.
Algoma Steel Group Inc. expects the first heat from its second electric-arc furnace (EAF) in the coming days, even as it forecasts a quarterly EBITDA loss and a 20% decline in shipments.
Nucor said on Thursday evening it plans to increase plate prices by $60 per short ton (st) as it opens its November order book.
Welspun Tubular LLC, the US subsidiary of India’s Welspun Corp., has received an order to supply $412.5 million of high-frequency induction welded (HFIW) steel pipe.