Steel Products Prices North America
SSAB Americas Up $60/ton on Steel Plate
Written by Michael Cowden
April 21, 2021
SSAB Americas aims to increase plate prices by at least $60 per ton ($3/cwt) on all new, non-contract orders effective immediately.
The steelmaker’s price hike appears to be a leading move, according to market participants.
The price increase applies equally to as-rolled mill plate, cut-to-length plate more than 72 inches wide, hot-rolled coils more than 72 inches wide, normalized plate, and quenched-and-tempered plate, SSAB said in a letter to customers Wednesday, April 21.
“Published freight extras, regional freight premiums and non-preferred freight mode extras will be applied,” the company added.
The amount of the increase for customers in Canada is $75 CAD per ton, SSAB said in a separate letter to Canadian buyers.
SSAB’s $60-per-ton increase this month comes after the steelmaker tried to increase prices by a combined $180 per ton in March.
It’s not clear whether that entire amount stuck. But Steel Market Update’s average plate price, like prices for other flat-rolled products, continues to move upward and test new record highs.
SMU’s average plate price stands at $1,200 per ton ($60/cwt), up 5.7% from $1,135 per ton a month ago and up 37.1% from $875 per ton at the beginning of the year.
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael Cowden
Read more from Michael CowdenLatest 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 […]