Buyers yet to see signs of plate prices rising
Feb 22, 2013 | 04:45 PM
| Catherine Ngai
BONITA SPRINGS, Fla. Steel plate buyers believe a near-term uptick in demand is needed before spot prices follow the recent hikes announced by domestic mills.
Last week, SSAB Americas led the charge by lifting spot carbon and alloy plate prices by $30 a ton effective with March 17 shipments, an action that was quickly followed by Nucor Corp.s immediate $30-a-ton move (amm.com, Feb. 19) and ArcelorMittal USA LLCs $60-a-ton increase for April deliveries (amm.com, Feb. 22). Buyers had earlier questioned the prospects of an increase in the context of lackluster demand and continued to state that prices quoted have not....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.