W. Coast steel plate deals slow on buyer fears

Oct 03, 2012 | 04:47 PM | Frank Haflich

Tags  steel, carbon plate, west coast, Evraz NA, Frank Haflich

LOS ANGELES — Carbon steel plate sales on the West Coast appear to be slowing further as few buyers appear willing to gamble that even today’s low prices will look good in a month’s time.

"We’re only buying per job, otherwise not until next year," one distributor source said.

Domestic prices for warehouse grades and sizes, which last month were as low as $830 to $840 per ton ($41.50 to $42 per hundredweight) delivered, are now moving lower, approaching $40 per cwt in some cases, depending on delivery costs, according to sources.....

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