Tag: Plate

SSAB Americas, Nucor, and Oregon Steel Mills all announced higher plate prices on Friday.

SMU's steel market chatter this week.

The volume of steel shipped outside of the country increased 11% from September to October 2025 to a seven-month high of 662,000 short tons (st), according to recently released data from the US Department of Commerce.

Participants in the domestic steel plate market said they are maintaining strong order books, experiencing longer lead times, and finding mills are less open to negotiating prices.

The majority of SMU’s sheet and plate price indices rose this week, with multiple products climbing to new multi-month highs

According to recently released final US Commerce Department data, US steel imports rebounded 11% month on month (m/m) in October 2025 after falling to a multi-year low one month earlier. The latest license figures suggest imports eased back by 3% in November and by another 2% in December, with trade again nearing historical lows.

Steel plate market participants think increasing spot prices and growing order volumes could stick around. That’s two encouraging signs for the year ahead, they said. Oregon Steel Mills, SSAB, and Nucor all increased base prices for plate products by $40 per short ton (st) in the final weeks of December. SMU data also indicates that mills […]

Steel mill lead times increased for both sheet and plate products this week, according to responses from SMU’s latest market survey.

Mill spot price negotiation rates have tumbled across all products SMU tracks, according to our latest survey data.

Steel sheet and plate prices rose across the board to start the year on limited spot availability at some mills, expectations of higher scrap prices, and hopes of stronger demand in 2026.

Oregon Steel Mills has joined other producers, announcing a price increase of at least $40 per short ton (st) for steel plate. The Portland, Ore.-based company told customers on Monday 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, […]

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

Demand for heavy steel plate used in offshore wind farms faces renewed uncertainty after President Trump paused leases for five offshore wind projects. 

Nucor Plate Group notified customers it was aiming to increase all plate product prices by $40 per short ton (st). 

Following last week’s pause, SMU’s price indices were overall steady to higher this week, holding at or near multi-month highs.

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 […]

According to recently finalized US Commerce Department data, US steel imports tumbled to a near five-year low in September

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.

Steel mill lead times held relatively steady this week on both sheet and plate products, according to responses from SMU’s latest market survey.

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

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’s sheet and plate prices took a breather this week, holding relatively steady at multi-month highs.

Sources expect the recent spot market price hikes on domestically produced plate products to be accepted by the market.  

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.

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 has joined other producers, announcing a price increase of at least $40 per short ton for steel plate.

Steel mill lead times extended this week on all sheet and plate products tracked, according to responses from SMU’s latest market survey.

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.

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.

US steel imports declined considerably in September and October, with trade falling to reduced levels not seen in nearly five years.