Steel plate market sees glimmers of hope

Jan 10, 2013 | 03:11 PM | Chris Prentice

Tags  steel plate, carbon plate, commodity-grade plate, steel service centers, steel plate mill, Chris Prentice

NEW YORK — Spot buying of carbon steel plate products has resumed in the first full week of the new year and some sources say they are seeing signs of end-use demand returning to the market, although the increased activity has not translated to higher prices from domestic mills.

"We’re picking up steam," a source at one southern plate distributor said, citing an improvement in order rates since lows in December and a quiet start in the first few days of 2013. "I’m feeling reasonably encouraged."....

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