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.....

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