Steel Products Prices North America
August 13, 2019
Plate Mills Follow with Second Price Hike
Written by Tim Triplett
North America’s plate mills have announced their second round of price increases in less than three weeks, seeking another $40 per ton ($2/cwt). Nucor’s Plate Mill Group was the first to inform customers of the change on Friday, prompting similar announcements by most other mills on Monday.
SSAB Americas advised customers it is increasing transaction prices by a minimum of $40 per ton effective immediately for all new non-contract orders of as-rolled mill plate, cut-to-length plate >72”, hot rolled coils >72”, as well as normalized plate and quenched and tempered plate. “SSAB continues to monitor market conditions in order to better realize the value our products bring to our customers,” SSAB’s letter stated.
