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    Company Announcements

    June 9, 2026

    SSAB aims to increase plate prices by $40/ton

    Written by David Schollaert

    SSAB Americas plans to increase plate prices by at least $40 per short ton (st), according to a letter sent to customers on Monday.

    The steelmaker said the increase would apply to all new spot orders confirmed to ship on or after August 2.

    “Published extras, regional freight premiums and non-preferred freight mode extras will be applied,” the company said in the letter.

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

    SMU’s price assessment for plate currently stands at $1,260/st on average. We will update our prices on Tuesday evening.

    SSAB Americas, the US subsidiary of Swedish steelmaker SSAB, operates two plate mills in the US: one near Mobile, Ala., the other in Montpelier, Iowa.

    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.

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