Analysis
December 29, 2025
SSAB increases 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 Feb. 1 onward.
The move comes after Nucor – another major US plate producer – said on Dec. 22 it would also be increasing plate by $40/st with the opening of its February order book.
SSAB Americas has increased plate prices by $140/st over the past three months.
You can track mill price increases here.
In the same letter, the steelmaker 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 $1,020/st on average. That’s up $60/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 Jan. 6.
