Steel Products Prices North America
Mills Raise Plate Price by $40 Per Ton
Written by Tim Triplett
May 19, 2020
Domestic steelmakers raised the spot price of plate products by $40 per ton yesterday, hoping to stem the slide and capitalize on improving demand as coronavirus restrictions ease and businesses are allowed to gradually reopen.
The plate price has been trending downward this year since peaking in January at $710 per ton ($35.50/cwt). Steel Market Update puts the current plate price in a range from $570-610, averaging $590 per ton.
SSAB Americas notified customers that it has immediately increased transaction prices by $40 per ton an all new non-contract orders of As-Rolled Mill Plate, Cut-To-Length Plate >72”, Hot Rolled Coils >72”, as well as Normalized Plate and Quenched & Tempered Plate. All extras will be applied as published.
ArcelorMittal USA announced its $40 increase on all new non-contractual carbon, HSLA, alloy, heat-treated and specialty plate products, also effective immediately. Nucor is expected to follow with a similar increase.
The last price increase announcements on plate were in early December when Nucor and SSAB sought an additional $50 per ton.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
Nucor slows HRC price climb with $5/ton increase
After eight weeks of double-digit price increases on hot-rolled (HR) coil, Nucor slowed the price rise this week with an increase of $5 per short ton.
Domestic CRC prices surge ahead of imports
The price spread between stateside-produced CR and imports reached its widest margin in over a year.
Evraz raises plate prices $160/ton
Evraz North America (NA) has followed Nucor and SSAB with a plate price increase of its own: up $160 per short ton (st). The increase was effective immediately for all new orders of carbon, high-strength low-alloy, and normalized and quenched-and-tempered plate products, as well as for hot-rolled coil, the steelmaker said in a letter to […]
Nucor lifts HR coil to $820/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week.
Nucor pushes HR spot price to $790/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $790 per short ton (st) on Monday, Feb. 10 – a $15/st bump vs. last week. The Charlotte, N.C.-based company has raised its weekly CSP by $40/st over the past three weeks after maintaining tags at $750/st since Nov. 12, according to SMU’s […]