SSAB Takes Plate Prices Up $40, 2nd Increase This Month

On Friday morning, SSAB announced another steel plate price increase. In a letter emailed to customers, SSAB advised their intention to raise “transaction prices by a minimum of $40 per ton effective immediately for all new non-contract orders.” The increase, which is the second $40 increase announced by SSAB so far this month, applies to all As-Rolled Mill Plate, Cut-to-Length Plate greater than 72 inches, hot rolled coils greater than 72 inches, as well as Normalized Plate and Quenched & Tempered Plate. SSAB also advised that all extras would be added as published.

All plate mills are anticipated to follow the SSAB lead and announce increases of their own by early next week.