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SSAB Americas lifts plate prices $30/T

Keywords: Tags  steel plate prices, price increase, Evraz Inc. North America, SSAB Americas

NEW YORK — SSAB Americas has raised base transaction prices for its steel plate products by a minimum of $30 per ton effective immediately, the company said in an Oct. 16 letter to customers.

The increase applies to all new orders for non-contract, as-rolled carbon and high-strength low-alloy, normalized plate, alloy plate including quenched and tempered, cut-to-length plate greater than 72 inches wide and hot-rolled coil greater than 72 inches wide.

The move by the Lisle, Ill.-based steel producer comes just days after Evraz Inc. North America said it would idle its Claymont, Del., facility, which sources said would likely give other producers a reason to boost prices in a flat market (, Oct. 14).

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