Steel Products Prices North America
September 10, 2020
Mills Announce Another Increase on Plate
Written by Tim Triplett
Mills raised plate prices by an additional $40-50 per ton ($2-2.50/cwt) on Monday and Tuesday, the second increase in the past five weeks and the fourth round of increases since May. Plate prices have lagged the increases in flat rolled as plate demand is more dependent on the infrastructure, commercial construction and energy markets, which are among the slower to recover from the pandemic.
ArcelorMittal USA notified customers that it will increase transaction prices on all new non-contractual orders of carbon, HSLA, alloy, heat-treated and specialty plate products by $40 per ton, effective immediately.
