SSAB shakes up plate market with 2d hike
Nov 20, 2012 | 04:30 PM
| Chris Prentice
NEW YORK A move by SSAB Americas to increase published plate prices by another $50 per ton was met with mixed reactions from the market, with many taking a wait-and-see approach on whether a full $100-per-ton increase can be supported by existing plate demand.
The Lisle, Ill.-based subsidiary of Swedish steelmaker SSAB AB has raised prices for all new and existing non-contract orders set to ship the week of Dec. 30, according to a customer letter dated Nov. 19 (amm.com, Nov. 20). The increase applies to as-rolled carbon and high-strength, low-alloy plate; normalized plate; alloy plate, including quenched and tempered; cut-to-length plate; and hot-rolled coil greater than 72 inches wide, the company said.....
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