Tag: SSAB

Swedish steelmaker SSAB reported lower profits in the second quarter at its Americas unit. And it expects outage charges in the third quarter.

Spot market absorbs price hikes amidst booming plate demand 

Some domestic plate market sources expect spot price rises through the end of the year due to prolonged supply constraints.

SSAB will not renew the lease for its Toronto cut-to-length facility and plans to permanently discontinue operations later this year.

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

SSAB Americas, the Greenbrier Companies, and Alter Trading have partnered on a project where recycled materials can be used to make near-zero emissions steel and returned to the supply chain.

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

Plate market participants wonder how plate supply will hold up in coming weeks and months, sources told SMU.   Some sources called out dwindling availability of heavier grades and said certain domestic producers have “a huge backlog.” of all grades.

SSAB Americas’ revenue fell in the first quarter as negative currency effects outweighed higher steel prices.

Plate market participants we spoke to this week offered a long list of concerns: escalating fuel and freight expenses, consolidated sources of end-market demand, tariff-related complications, as well as long lead times and delivery delays from US mills. The cherry on top? An ever shrinking availability of spot tons from domestic mills.

Algoma Steel aims to increase plate prices by US$60 per short ton (CA$80/st), effectively immediately, according to a letter to customers dated Thursday.

At least two major US plate producers - SSAB Americas and Nucor - plan to increase plate prices by at least $60 per short ton (st).

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

Once wintery weather gives way to sunnier spring conditions, plate sources foresee the market accepting the $50-60 per short ton spot price increases issued by Nucor Plate Group, Oregon Steel Mills, and SSAB. 

SSAB Americas wants to increase plate prices by at least $60 per short ton, $10 more than rival Nucor’s price hike last week.

The new president of SSAB Americas, Tom Cox, has joined the board of the American Iron and Steel Institute.

SSAB Americas delivered higher shipments and a stronger operating result in the fourth quarter of 2025. The company saw firm demand in key US end markets and a solid finish to the year despite a planned maintenance outage.

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

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

SSAB has tapped Tom Cox to lead its Americas division. Currently GM of SSAB Iowa, he'll assume the position of Head of SSAB Americas as of Feb. 1, 2026.

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

The Americas segment of Swedish steelmaker SSAB delivered a stable third quarter, but with weaker shipments and continuing cautious demand. Plate prices held, but tariffs, slowing end-user demand, and...

We just wrapped up another Steel 101 workshop, easily the most hands-on industry workshop on steelmaking and market fundamentals.

SSAB Americas sent a price increase notification to customers announcing that transaction prices on all its products are increasing by a minimum of $60 per short ton (st). 

The project is facing technical challenges related to upgrading the electric grid.

The project will expand heat treat capacity at its Axis, Alabama plant

But profits slipped vs. last year.

Elon Musk's DOGE is determining which Department of Energy grants to advance and which ones to terminate, according to several media outlets

SSAB Americas aims to increase plate prices by at least $60 per short ton (st) ahead of opening their May order book.

SSAB has increased plate prices by a total of $240/st in less than a month. That tally results from the current increase, an increase of $80/st in early February, and another of $60/st in late January, according to SMU’s price announcement calendar.