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    Analysis

    November 25, 2025

    SSAB to up plate prices by at least $40/ton

    Written by David Schollaert

    SSAB Americas aims to increase prices on all its products by at least $40 per short ton (st).

    The steelmaker said in a letter to customers on Friday that the price increase was effective on all new, non-contract orders confirmed to ship from Jan. 4 onward.

    The move comes just a day after Nucor – another major US plate producer – said it would be increasing plate by $30/st with the opening of its January order book.

    You can track mill price increases here.

    SSAB Americas, in the same letter, said it has now closed its December order book for non-contract orders.

    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 for steel plate currently stands at $1,015/st on average. That’s up $55/st from a fall low of $960/st recorded on Sept. 23, according to our interactive pricing tool.

    We will next update sheet and plate prices on Tuesday evening.

    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.

    Read more from David Schollaert

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