Steel Mills
SSAB Announces Price Increase
Written by John Packard
January 14, 2014
Earlier today (January 14, 2014) SSAB announced to its customers an increase for all new orders for non-contract As Rolled Carbon and High Strength Low Alloy, Normalized Plate, Alloy Plate including Quenched and Tempered, Cut to Length and Plate > 72” wide and Hot Rolled Coil > 72” wide, by a minimum of $30 per ton. The increase is effective immediately for all new orders.
Plate prices prior to the SSAB price increase ranged from $820 to $860 per ton delivered, according to SMU sources.
SSAB is known for plate and is only a factor in the over 72″ wide hot rolled coil market. Hot rolled coils with widths under 72″ tend to be priced with the rest of the market which based on Steel Market Update index the range on hot rolled this week is $650 to $690 per ton.
John Packard
Read more from John PackardLatest in Steel Mills
CRU: Tata Steel looks to shed 1,600 jobs in the Netherlands
The company said, “The challenging demand conditions in Europe driven by geopolitical developments, trade and supply chain disruptions and escalating energy costs have affected the operating costs and financial performance."
Reports: Federal funding for Cliffs’ project could be slashed
Elon Musk's DOGE is determining which Department of Energy grants to advance and which ones to terminate, according to several media outlets
Trump still against selling USS to Japanese firm: Report
Despite ordering a new review of Nippon Steel’s bid for U.S. Steel, President Trump said he is still against selling USS to a Japanese company, according to media reports.
Algoma looks to sell more steel in Canada in wake of Trump’s tariffs
The Canadian steelmaker said its absorbing higher tariffs as it moves forward.
Ancora abandons plan to take over leadership of USS
Investment firm Ancora Holdings Group has halted its play for U.S. Steel's board, citing Nippon Steel’s proposed bid for USS “gaining momentum.”