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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