Steel plate tags slide as mills chase few orders
Aug 02, 2012 | 03:07 PM
| Chris Prentice
NEW YORK U.S. steel plate prices have continued to slide as subdued demand and ample availability of both domestic and imported material hangs over the market.
Minimal ordering helped push cut-to-length plate prices lower this week, with spot prices reaching an average of $39 per hundredweight ($780 per ton) f.o.b. mill. Thats down from about $41 per cwt ($820 per ton) in late July (amm.com, July 27), although market sources said lower-priced offers continue to be available if buyers are willing to place large orders.....
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