Tag: SSAB

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.

SSAB Americas has again followed Nucor’s lead, raising plate prices by $80 per short ton (st). The increase is effective immediately for all new non-contract orders, as the steelmaker stated in a letter to customers on Wednesday, Feb. 5. “SSAB Americas reserves the right to re-quote any open offers not confirmed by an SSAB order […]

Two US plate mills – SSAB Americas and Evraz North America (NA) – have followed Nucor so far in raising plate prices, with the opening of their March order books. The increases are effective immediately for all new orders, both mills said in letters to customers. Evraz NA said it was increasing transactions by at […]

After a career in steel spanning four decades, Chuck Schmitt, head of SSAB Americas, will retire next year.

After stepping down as president and CEO of SSAB, Martin Lindqvist announced he'll also be leaving his position on SSAB's board of directors.

SSAB Americas plans to increase plate prices by at least $60 per short to, according to a letter to customers dated Thursday, Oct. 24. The higher prices are effective immediately for all new non-contract orders scheduled to ship on or after Dec. 2.

Swedish steelmaker SSAB said its weaker third-quarter financial performance was due to muted demand, planned maintenance outages, and the continued decline of US plate prices.

Sweden’s SSAB has been awarded €128 million by the European Commission for the steelmaker’s efforts at decarbonization.

SSAB plans to spend $12 million to boost production capacity at its electric-arc furnace (EAF) plate mill in Mobile, Ala. The Sweden-based steelmaker will do that by expanding the existing furnace there. Shot blast equipment will also be upgraded. The expanded capacity is expected to come online late next year. The mill currently has an […]