Steel Products Prices North America
SSAB Raises Plate/HRC by $40
Written by John Packard
November 6, 2017
On Monday, SSAB sent a letter to customers advising of the company’s intention to raise spot transaction prices by a minimum of $40 per ton ($2.00/cwt) effective immediately.
The increase covers all “…As-Rolled Mill Plate, Cut-to-Length Plate >72”, Hot Rolled Coils >72”, as well as Normalized and Quenched & Tempered Plate.”
SSAB also advised that all published extras would be applied.
The SSAB move was after Nucor announced an increase on Friday. On Tuesday (today) ArcelorMittal followed the other two mills.
Our steel plate index has not yet seen a move toward higher prices and we will wait to see if these pricing moves help solidify market spot pricing.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.
Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.
Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.
Cliffs raises prices, seeks $950/ton for July spot HR
Cleveland-Cliffs plans to increase prices for hot-rolled (HR) coil to $950 per short ton (st) with the opening of its July spot order book. The Cleveland-based steelmaker said the price hike was effective immediately in a letter to customers dated Monday.
HRC vs. prime scrap spread widens in June
The price spread between HRC and prime scrap widened in June.