Carbon plate tags sink on stagnant order entry
Oct 19, 2012 | 02:46 PM
| Chris Prentice
NEW YORK U.S. plate prices continued their slide this past week as a persistent lack of demand put pressure on mills to sell at lower levels.
"There is no uptick in demand at all," one mill source told AMM. "It has further softened, and (for) anybody who wants to buy small quantities, its available at willeither imports or from service centers."
The average price of cut-to-length carbon steel plate slid to $36 per hundredweight ($720 per ton) f.o.b. Midwest mill from $36.75 per cwt ($735 per ton) previously, and both service center and mill sources said there was nothing to stop prices from sliding further amid depressed demand and a readily available supply of both domestic and imported material.....
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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.