Carbon plate prices hold steady as imports jump

Dec 11, 2006 | 07:51 AM | Scott Robertson

End-use markets for carbon steel plate products continue to be strong, helping to at least partially offset rising import numbers and maintain steady prices.

Mid-December prices for plate products, for the most part, are holding their own, caught between strong end-user demand from the energy sector, an inventory correction at the distributor level and high import levels, market sources said.

"We haven't seen any real (seasonal) slowdown," John Ferriola, Nucor Corp.'s executive vice president and head of the Charlotte, N.C.,-based company's Sheet Mill Group, siad. "Plate is still very strong. I would say it's strong across the board, but the energy market is particularly strong."....

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