Steel Prices

Evraz increases plate prices again, up $40/ton

Written by David Schollaert

February 7, 2025

Evraz North America (NA) has followed Nucor and SSAB in raising plate prices by $40 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 (HR), the steelmaker stated in a letter to customers Feb. 7.

Evraz NA also said it reserved the right to re-quote any offers that had not been confirmed.

Evraz NA, SSAB Americas, and Nucor have all followed up on their initial price bumps at the opening of their March order books with a second round of increases. Nucor was the first, followed by SSAB, and now Evraz.

Plate prices stand at $910/st on average this week, up $10/st from last week and up $65/st compared to two weeks ago, according to SMU’s interactive price tool.

SMU will next update its plate prices Feb. 11. You can also track mill price announcements here.

Evraz NA is a Chicago-based steelmaker and a subsidiary of London-based Evraz Plc.

David Schollaert

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

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