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01 Feb

US plate prices soften despite mill efforts

US plate prices have decreased to $1,450-1,480/short ton from $1,460-1,490/st, Kallanish learns. SSAB issued a $60/st price increase on normalised, quenched, as-rolled, tempered and side cut-to-length products effective 19 January on products booked beyond 5 March. On 30 January, Nucor Plate Group sent a price maintenance notification to its customers.  “SSAB's increase made no sense as transactional prices are trending downward right now. In …
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