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
SMU Community Chat: Timna Tanners on ‘Trumplications’ for steel in 2025
Wolfe Research's Managing Director Timna Tanners discusses the 'Trumplications' for steel in the coming year in this week's SMU Community Chat.
Nucor raises hot rolled spot price to $750/ton
Nucor raised its weekly consumer spot price (CSP) for HRC this week to $750/short ton.
SMU price ranges: Most sheet and plate products drift lower
Steel sheet prices mostly edged lower for a second week, while plate prices slipped for the third consecutive week.
Nucor drops HRC price to $720/ton
After holding its weekly spot price for hot-rolled (HR) coil steady for three weeks at $730 per short ton (st), Nucor lowered the price this week by $10/st.
SMU price ranges: Sheet slips, plate falls to 45-month low
Steel sheet and plate prices moved lower this week as efforts among some mills to hold the line on tags ran up against continued concerns about demand.