Steel Mills
SSAB Hikes Price by Another $50
Written by Tim Triplett
March 15, 2018
SSAB Americas announced yesterday, March 14, that it is increasing steel transaction prices by a minimum of $50 per ton for customers in the United States, and $60 per ton for customers in Canada, effective immediately on all new non-contract orders, and for all existing noncontract orders acknowledged for shipment the week of April 29 and beyond.
T
he increase will apply to 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.
This is the fourth price increase announced by the company this year totaling $200 per ton. It follows on $50 increases on plate Feb. 16 and Jan. 8, and a $50 increase on plate and hot roll on Jan. 29.
In a letter to customers, the company stated: “SSAB continues to monitor market conditions in order to better realize the value our products bring to our customers.”
Plate service centers have advised Steel Market Update that this puts the new plate prices at $960-$1025 per ton depending on supplier.
Tim Triplett
Read more from Tim TriplettLatest in Steel Mills
Algoma posts narrower Q4 loss, braces for tariff impact as US shipments pause
Algoma Steel's net loss narrowed in the fourth quarter vs. a year earlier amid economic uncertainty and tariff-related issues.
Evraz NA refutes report it falsified tests on plate for US military
Employees at Evraz North America, a subsidiary of Russia's Evraz plc, reportedly falsified quality control test results on armored plate for military vehicles. Evraz NA denies the claims.
Pacific Steel breaks ground on California rebar mill
Pacific Steel Group has broken ground on its Mojave Micro Mill in Southern California.
Nucor lifts weekly HR spot price to $915/ton
Nucor has increased its weekly HR coil spot price for seven consecutive weeks.
American mills urge Trump to maintain no exceptions on steel tariffs
"We urge you to resist any requests for exceptions or exclusions and to continue standing strong on behalf of American steel," the companies wrote.