SSAB Americas, Nucor hike plate $30/T

Feb 19, 2013 | 04:17 PM | Catherine Ngai

Tags  SSAB Americas, plate, plate prices, steel shipments, steel prices, Catherine Ngai

NEW YORK — At least two major steel mills have raised spot prices on carbon and alloy plate products in an effort to halt a softening market, sources told AMM.

Lisle, Ill.-based SSAB Americas has increased its base prices for non-contract carbon and alloy steel plate products by a minimum of $30 per ton, according to a Feb. 18 letter to customers. The price hike, effective with March 17 shipments, applies to as-rolled carbon and high-strength low-alloy plate; normalized plate; alloy plate, including quenched and tempered; cut-to-length plate less than 72 inches wide; and hot-rolled coils less than 72 inches wide.

Charlotte, N.C.-based Nucor Corp. followed the move, increasing carbon, alloy and heat-treated plate prices by $30 per ton for all new orders effective immediately, according to a letter sent to customers late Feb. 19. ....

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