US carbon plate prices said nearing bottom
Jun 29, 2012 | 03:09 PM
| 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 marketits softer," one Midwest fabricator said. "Right now, the inquiry level is good. Thats 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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