Steel Products Prices North America

SSAB Follows Nucor, Raises Plate Prices $80-200 Per Ton

Written by Michael Cowden

September 24, 2021

SSAB Americas has followed competitor Nucor in raising prices for steel plate by at least $80-200 per ton ($4-10 per cwt).

The price hike is effective immediately for all new spot orders, the Mobile, Ala.-based steelmaker said in letters to customers on Friday, Sept. 24

steel plateThe increase of $80 per ton (Canadian $100 per ton) applies to as-rolled mill plate and coil, cut-to-length plate more than 72 inches wide, and normalized plate. The increase of $200 per ton ($C250 per ton) is for quenched-and-tempered plate, the company said.

Published extras, regional freight premiums and non-preferred freight mode extras will also be applied, SSAB said.

SSAB’s increase follows a leading move announced by Charlotte, N.C.-based Nucor on Wednesday, Sept. 22.

Plate prices stand at $1,740 per ton ($87 per cwt), down $5 per ton from a week ago but up $70 per ton from $1,670 per ton last month, according to SMU’s interactive price tool.

SMU will next update its plate prices on Tuesday, Sept. 28.

By Michael Cowden, Michael@SteelMarketUpdate.com

Michael Cowden

Michael Cowden is managing editor for Steel Market Update. Cowden has covered the steel industry since 2007. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. He has also worked as a copy editor and in marketing at the University of Chicago Press. Cowden has a BA in English from the University of Chicago and an MSJ journalism from Northwestern University’s Medill School of Journalism. Contact him at michael@steelmarketupdate.com or 724-759-7872.

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