US carbon plate prices said nearing bottom

Jun 29, 2012 | 03:09 PM | Chris Prentice

Tags  steel plate, cut-to-length carbon plate, coiled plate, plate in coils, discrete plate, ferrous scrap, Chris Prentice

NEW YORK — A summer slowdown, pressure from lower-priced imports and falling scrap prices have put downward pressure on domestic steel plate prices, with sources saying they are hopeful that the market is nearing a floor.

"The carbon plate market—it’s softer," one Midwest fabricator said. "Right now, the inquiry level is good. That’s because people are out pricing and kind of hedging. ‘Has the market hit bottom, do I buy now or do I wait a bit longer?’"....





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