Plate quotes up; transaction tags fail to follow

Nov 15, 2012 | 04:36 PM | Chris Prentice

Tags  plate, steel plate, cut-to-length plate, coiled plate, A36, carbon plate, service center, steel mill steel pricing

NEW YORK — Price quotes for new plate orders have bumped up over the past week following a recent round of increase announcements, but transaction tags have failed to rise in tandem, market sources said.

"The quotes are higher, but there are still old prices coming out of the market," one mill source told AMM.

Last week’s price increase announcements from major domestic plate producers (, Nov. 9) prompted restocking orders from some service centers, although the increased ordering was far from across the board.....

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