Outlook for US steel plate demand murky

Oct 04, 2012 | 03:11 PM | Chris Prentice

Tags  steel plate, cut-to-length plate, discrete plate, Caterpillar, Chris Prentice

NEW YORK — Spot transactions for steel plate products have been limited this week, according to market sources, who see further signs of declining demand in key markets.

Prices for carbon plate have stagnated at $38 per hundredweight ($760 per ton) f.o.b. Midwest mill thanks to minimal spot buying, mill and service center sources said. Many said that underlying demand for plate products from certain key sectors looks to be tailing off, at least through the end of 2012. ....

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