Steel plate tags slide as mills chase few orders

Aug 02, 2012 | 03:07 PM | Chris Prentice

Tags  steel plate, plate prices, 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. That’s down from about $41 per cwt ($820 per ton) in late July (, 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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