Steel Products
January 29, 2018
Written by Tim Triplett
SSAB Americas notified customers today, Jan. 29, that it is increasing transaction prices on steel plate products by a minimum of $50 per ton, effective immediately on all new noncontract orders.
The increase will apply to As-Rolled Mill Plate, Cut-To-Length Plate >72”, Hot Rolled Coils >72”, as well as Normalized and Quenched & Tempered Plate. All extras will be applied as published, the company said.
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It has been a crazy 2024 so far for hot-rolled coil (HRC) futures!!! “It’s not crazy, it’s hot rolled.” This chart shows the steeply backwardated Midwest HRC futures curve on Jan. 3 plummeting between $186 to $241 in the front three months, evolving into the curve six weeks later on Feb. 12. CME hot-rolled coil […]
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Though steel prices continue to drop, more buyers are holding off on finalizing transactions.