Pause on 5 windfarm leases could threaten steel plate demand
Demand for heavy steel plate used in offshore wind farms faces renewed uncertainty after President Trump paused leases for five offshore wind projects.
Tag: Plate
Nucor Plate Group adds $40/ton to plate prices
Nucor Plate Group notified customers it was aiming to increase all plate product prices by $40 per short ton (st).
SMU price ranges: Sheet market rising ahead of holidays
Following last week’s pause, SMU’s price indices were overall steady to higher this week, holding at or near multi-month highs.
November service center shipments and inventories report
Flat rolled = 50.6 shipping days of supply Plate = 52.8 shipping days of supply Flat rolled US service centers’ flat-rolled steel supply declined for the fourth straight month, reaching 50.6 shipping days of supply on an adjusted basis at the end of November, according to SMU data. Flat roll supply is at its lowest […]
Steel imports historically weak through November license data
According to recently finalized US Commerce Department data, US steel imports tumbled to a near five-year low in September
Plate buyers avoid restocking, wary of market uncertainty
US plate market participants hope the new year will bring favorable market conditions. But they remain leery of making big purchases because of lingering uncertainty.
SMU Survey: Lead times stabilize following November extensions
Steel mill lead times held relatively steady this week on both sheet and plate products, according to responses from SMU’s latest market survey.
SMU Survey: Buyers report mills are less negotiable on sheet prices, more on plate
Less than half of the steel buyers who responded to our market survey this week reported that domestic mills are willing to talk price on new spot orders
Canadian government could help Algoma build two new heavy structural mills: Reports
Plans are in the works to save 500 steelworker jobs at Algoma Steel and to construct two new mills – a plate mill and a beam mill, according to various local media reports.
SMU Price Ranges: Coated and plate inch higher, other products stable
SMU’s sheet and plate prices took a breather this week, holding relatively steady at multi-month highs.
US plate market welcomes price increases from producers
Sources expect the recent spot market price hikes on domestically produced plate products to be accepted by the market.
Final Thoughts
The price hike parade that got underway in earnest in November looks set to continue in December. And it's been joined by, well, just about everybody.
SMU Price Ranges: Plate stable, sheet pushes higher
All of SMU’s sheet price indices rose this week, climbing to new multi-month highs. At the same time, our plate index held steady.
Oregon Steel Mills increases plate prices by $40/ton
Oregon Steel Mills has joined other producers, announcing a price increase of at least $40 per short ton for steel plate.
SMU Survey: Lead times extend across the board
Steel mill lead times extended this week on all sheet and plate products tracked, according to responses from SMU’s latest market survey.
SMU Price Ranges: Market gradually climbs higher
All five of SMU’s sheet and plate price indices increased this week for the second week in a row, with all products inching up to new multi-month highs. Prices are now up by $30-70/st compared to those seen four weeks ago.
SMU Survey: Mills firmer on sheet prices, more negotiable on plate
Mills are less willing to talk price on spot orders on all the sheet products SMU tracks, but plate has veered the other way, according to our market survey this week.
Steel imports slump in September and October
US steel imports declined considerably in September and October, with trade falling to reduced levels not seen in nearly five years.
Nucor aims to increase plate prices by $30/ton
Nucor plans to increase prices for steel plate by $30 per short ton (st). The move coincides with Charlotte, N.C.-based steelmaker opening its plate orderbook for January.
Plate sources say Q1 demand spike is imminent
Domestic plate market participants anticipate strong economic growth in the first quarter of 2026, which they say is the perfect reason for spot market price hikes now.
SMU price ranges: Sheet and plate prices rise further
SMU’s price indices increased across the board this week, reaching new multi-month highs.
Algoma finalizes CA$500M loan from Canadian government
Algoma Steel plans to continue its transition to electric-arc furnace (EAF) steelmaking using the CA$500 million in loans from the Ontario provincial and Canadian federal governments.
October service center shipments and inventories report
US service centers’ flat-rolled steel supply edged lower for the third straight month, reaching 53.3 shipping days of supply on an adjusted basis at the end of October, according to SMU data.
SMU Survey: Sheet lead times inch higher, plate shrinks
Steel mill lead times extended marginally this week on most sheet products but declined for plate, according to responses from SMU’s latest market survey.
SMU Survey: Buyers say mills less willing to negotiate prices
Just over half of the steel buyers who responded to our market survey this week reported that domestic mills are willing to talk price on new spot orders. Mills have begun to hold a firmer stance on prices over our last two surveys.
SMU Price Ranges: Sheet and plate products inch higher
SMU's sheet and plate steel prices moved higher in unison this week.
JSW increases plate prices by $40/ton
JSW Steel USA aims to increase steel plate prices by at least $40/short ton.
Steel market chatter this week
Earlier this week, SMU polled steel buyers on an array of topics, ranging from market prices, demand, and inventories to tariffs, imports, and evolving market events.
SMU Price Ranges: Steel sheet notches another week of modest gains
Most sheet prices inched up again this week following mill efforts to set a floor under tags and to increase them from there.
SMU Survey: Mills less negotiable on spot prices
Most steel buyers responding to our market survey this week reported that domestic mills are considerably less willing to talk price on sheet and plate products than they were in recent weeks.