In a surprising move this week, SSAB Americas said that it would increase steel plate prices by another $2.50 cwt. ($55/mt or $50/nt) for all new non-contract orders set to ship on the week of December 30.
The move came less than two weeks since SSAB and other plate mills announced a $2.50 cwt. price increase. Nonetheless, by Wednesday, Nucor Plate Group also released a second price increase for orders shipping the week of December 30.