Steel Products Prices North America
ArcelorMittal USA Raises Plate Price by $40
Written by Tim Triplett
June 11, 2020
ArcelorMittal USA informed customers today that it has raised the spot base price of all carbon, HSLA, alloy, heat treated, and specialty plate products by a minimum of $40 per ton. The increase takes effect immediately.
This is the latest change to steel plate prices in the past month. SSAB raised its prices by $40 per ton on May 18 and Nucor raised its prices by $50 on May 20.
Steel Market Update’s canvass of the market this week put the current average price for plate at $610 per ton. Plate prices began the year at $710 per ton, but steadily declined to a low of $590 in mid-May, recovering by roughly $20 since the announcements by SSAB and Nucor. Steelmakers have announced increases in both plate and flat rolled prices in the past few weeks in the hopes of capitalizing on rising demand as coronavirus restrictions ease and the economy improves.
Tim Triplett
Read more from Tim TriplettLatest in Steel Products Prices North America
CRU: Q3 will be the lowest point in current sheet price cycle
CRU Principal Analyst Shankhadeep Mukherjee expects a restocking cycle for steel sheet products in most parts of the world due to either low inventories or seasonally stronger demand.
CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
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.