Steel Products
November 22, 2019
SMU CEO John Packard Discusses Price Increases
Written by John Packard
The domestic steel mills were busy on Friday with SSAB USA announcing a $40 per ton price increase on steel plate, and then U.S. Steel coming out with a $30 per ton price increase on flat rolled. The SSAB increase was the second on plate this month. Flat rolled has seen three price increase announcements totaling $110 per ton since the first one in the cycle was announced in late October.
ArcelorMittal USA followed the U.S. Steel announcement by providing specific base price guidance on spot pricing out of their mill. They referenced hot rolled as being a minimum of $600 per ton ($30.00/cwt) with cold rolled and coated at $810 per ton ($40.50/cwt).
