Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/ce295c14407ef991a08b3dc3e54db04d.jpg)
SSAB Announces $60 per ton Price Increase
Written by John Packard
April 7, 2016
SSAB became the second domestic steel mill to announce a price increase, taking plate prices up by $60 per ton on all new spot orders. The mill also took their hot rolled coil pricing up by $60 per ton.
This is the first announcement by a plate mill since the 16th of March when SSAB took plate and HRC numbers up by $40 per ton.
Here is what the announcement, which was done in the form of a letter emailed to their customers, had to say:
Please be advised SSAB Americas is increasing transaction prices by a minimum of $60 per ton for all new non-contract orders, and for all existing non-contract orders acknowledged for shipment the week of May 1st and beyond.
The increase will apply for As-Rolled Mill Plate, Cut-To-Length Plate >72”, Hot Rolled Coils >72”, as well as Normalized and Quenched & Tempered Plate.
All extras will be applied as published.
We also reserve the right to re-quote any open offers that are not confirmed with an SSAB order acknowledgement. SSAB continues to monitor market conditions in order to better realize the value our products bring to our customers. All other Terms and Conditions of Sale remain unchanged.
The letter was signed by Christine Ovsenar, Director of Sales – Commercial Products for SSAB.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/john-packard.png)
John Packard
Read more from John PackardLatest in Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor inches HR price up, aims for $695/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $695 per short ton (st), up $5/st from last week.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor maintains $690/ton HR base price
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil is unchanged from last week at $690/ton.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
CRU: US prices find a bottom as other markets fall
The US sheet market appears to have reached a bottom following consistent weekly declines since April. However, other markets remain weak due to limited demand. Trading in Europe has been slow due to summer holidays. While European mills are also undergoing maintenance outages, these have not been enough to offset ongoing price falls, with weak […]
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Cliffs_logo2.2.png)
Cliffs seeks $700/ton for HR, up $30/ton from last week
Cleveland-Cliffs said on Wednesday that it would seek at least $700 per short ton (st) for hot-rolled (HR) coil. The Cleveland-based steelmaker said it made the move "due to ongoing market developments." The company said the increase was effective immediately for HR orders for September.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor aims for $675/ton for HR
Nucor has raised its consumer spot price (CSP) for hot-rolled (HR) coil to $675 per short ton (st), up $25/st from last week.