Oregon Steel and SSAB aim to push plate prices higher

Oregon Steel Mills (OSM) and SSAB Americas announced higher plate prices to close out the week.

You can check out SMU’s Steel Mill Price Announcement Calendar to follow announced pricing moves.

OSM jump-starts the cycle

Oregon Steel Mills kicked off the latest price increase cycle by attempting to push spot plate prices up by a minimum of $60 per short ton (st).

The Portland, Ore.-based company told customers on Thursday that the minimum increase was effective immediately with all new orders.

It applies to all carbon, HSLA, hot-rolled coil, normalized, and quenched and tempered products, the company said.

OSM has attempted to increase plate prices by roughly $240/st since September.

SSAB Americas joins in

SSAB Americas notified customers that it was also aiming to increase all plate product prices by $60/st.

In its March 6 notice, the steelmaker said the increase was effective for all new, non-contract orders confirmed to ship from May 3 onward.

SSAB Americas has attempted to increase plate prices by $250/st over the past six months.

In the same letter, the steelmaker said it would continue to apply published extras, regional freight premiums, and non-preferred freight mode extras.

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.