2d round of steel plate tag hikes may spur buys

Dec 13, 2011 | 04:36 PM | Anne Riley

Tags  steel plate, plate prices, flat-rolled steel, Anne Riley, SSAB Americas, Svenkst Stahl, Daniel Miksta

NEW YORK — At least one domestic steel plate producer is set to raise prices another $50 per ton late next month in a move that market players say is intended to attract would-be buyers off the sidelines during a traditionally slow ordering period.

SSAB Americas plans to boost transaction prices for all non-contract carbon and high-strength low-alloy plate products greater than 72 inches wide by a minimum of $50 per ton effective with all orders scheduled to ship on or after Jan. 29, it said in a letter to customers Monday.

The company, a unit of Swedish steelmaker Svenskt Stal AB, also will raise the price of alloy discrete plate, including quench-and-tempered products, by a minimum of $50 per ton on the same date, Daniel L. Miksta, vice president and general sales manager, wrote in the letter.....

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