Plate prices steady on limited buying

Jan 03, 2013 | 03:48 PM | Chris Prentice

Tags  plate, steel plate, discrete carbon plate, a36 plate, commodity-grade plate, alloy plate, quenched and tempered plate, q&t Chris Prentice

NEW YORK — Carbon steel plate prices have held steady for three straight weeks, and unless a seasonal uptick in demand materializes or ferrous scrap prices rise, pricing appears unlikely to see any upward momentum in the near-term, market sources said.

Steel plate buyers said they have continued to hold off purchasing in recent weeks, having seen limited customer activity in the first week of the new year and short mill lead times from most suppliers.

"People who might have been a bit slow because of inventory and the year-end—they need to have steel ... but I believe with the short lead times, people feel comfortable in not making immediate decisions," one mill source told AMM.....

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