Evraz raises US flat steel prices by $160/st

Market: Metals, Pipe and tube
25/02/25

US steelmaker Evraz North America has increased its flat steel prices by $160/short ton (st).

The company announced the price move on all carbon plate, HSLA, hot-rolled coils (HRC), normalized plate, and quench and tempered plate products today.

Evraz did not set a minimum price target.

The price increase follows competitor Nucor's own $160/st discrete plate announcement yesterday to a published price of $1,235/st ex-works. That steelmaker also increased its HRC spot price by $40/st yesterday to $860/st, while competitor Cleveland-Cliffs increased its spot HRC price on 21 February by $100/st to $900/st.

The US steel market has been reacting to threatened 25pc steel Section 232 national security tariffs, which President Donald Trump has put a 12 March deadline on reimposing on all US steel imports, eliminating current exemptions and tariff rate quota (TRQ) systems.

By Rye Druzchetta

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