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 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 […]
ArcelorMittal Dofasco increases spot sheet prices
ArcelorMittal Dofasco is raising spot sheet prices by CA$100 per ton (US$70/ton). The Hamilton, Ontario-based flat rolled steelmaker told customers the increase is effective immediately for all new orders. It did not specify to what level this brings its base prices but noted its right to re-quote previous but unconfirmed orders. “We will continue to […]
Nucor raises HR spot price to $775/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $775 per short ton (st) on Monday, Feb. 3. The $15/st week-on-week (w/w) rise marks the first back-to-back increases in the steelmaker’s weekly CSP since last August, according to SMU’s mill price announcement calendar. Nucor’s joint-venture subsidiary California Steel Industries (CSI) is also up […]
Nucor raises HR spot price to $760/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $760 per short ton (st) on Monday, Jan. 21. The $10/st week-on-week (w/w) rise marks the first increase in the CSP since Nov. 12. According to SMU’s mill price announcement calendar, the Charlotte, N.C.-based steelmaker held the weekly price at $750/st for 11 […]