Steel Products Prices North America
March 1, 2016
SSAB & ArcelorMittal Begin 3rd Round of Price Increases
Written by John Packard
SSAB, which is known primarily as a plate supplier, announced a $30 per ton price increase on plate and hot rolled coil in the United States and a $40 per ton price increase on hot rolled. The SSAB increases were sent via an emailed letter to their customers. The letter began, “Please be advised that effective immediately SSAB Americas is raising the transaction price for all non-contract As-Rolled Mill Plate, Cut-To-Length Plate >72”, Hot Rolled Coils >72”, as well as Normalized and Quenched & Tempered Plate by a minimum of $30 per ton.” The letter advised the increases were to be effective immediately on all new orders.
The ArcelorMittal USA announcement was sent out via email by individual account managers to their customers. The announcement said,
