Plate buyers hesitant, await price cues

Dec 21, 2012 | 03:24 PM | Chris Prentice

Tags  steel plate, steel demand, steel prices, carbon plate, Chris Prentice

NEW YORK — Concerns continue to hang over the steel plate market over whether price increases announced by domestic mills will hold in the new year, and sources say that there will be little to support the higher offer levels without the usual seasonal uptick in demand come the new year.

"Some of the pricing (increase) has stuck, (but) there’s a certain amount of hesitation as to whether it will stay that way and whether it will hold," one distributor told AMM.....

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