Stagnation in plate mart said likely to persist
Sep 28, 2012 | 01:04 PM
| Chris Prentice
Tags
steel plate,
carbon steel,
discrete plate,
cut-to-length plate,
plate prices,
Chris Prentice
NEW YORK — The U.S. steel plate market has all but ground to a halt, market sources said, with few foreseeing a pickup in demand heading into the fourth quarter.
"At least for the next few weeks, there will be no improvement at all," one mill source told AMM. "Unless you have a real need to buy now, people are holding off."
The average price for cut-to-length plate failed to budge from $38 per hundredweight ($760 per ton) f.o.b. Midwest mill this past week, largely due to very limited activity, sources said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here