Steel Products Prices North America

SSAB Americas Increases Plate Prices by $40
Written by Tim Triplett
December 3, 2020
SSAB Americas notified customers Wednesday that it is increasing transaction prices by $40 per ton on non-contract orders of its plate products “to maintain fair market value for its products.”
The increase applies to As-Rolled Mill Plate, Cut-To-Length Plate >72”, Hot Rolled Coils >72”, Normalized Plate and Quenched & Tempered Plate shipped via preferred freight mode. Published extras, regional freight premiums and non-preferred freight mode extras will be applied, the company said.
SSAB Americas’ February order book remains closed for non-contract orders until further notice. The February price will be advised at the time of February order placement.
SSAB Americas’ move follows on an announcement earlier in the week from Nucor’s Plate Group, which set base plate prices of $36/cwt for as-rolled discrete plate, $40.50/cwt for normalized plate and $46.50 for quenched & tempered plate, not counting adders and extras. Nucor now quotes prices on an ex-works basis rather than a delivered price to customers, not counting applicable freight and fuel surcharges.
Steel Market Update’s check of the market this week puts the average spot price for plate at around $760 per ton or $38/cwt, delivered.

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 […]