Reliance exec favors plate price hikes

Feb 22, 2013 | 05:37 PM | Corinna Petry

Tags  carbon steel plate, plate pricing, Reliance Steel & Aluminum, Gregg Mollins, nonresidential construction, SSAB America, Nucor, ArcelorMittal Corinna Petry

CHICAGO — Reliance Steel & Aluminum Co.’s carbon steel plate shipment volumes have held steady, but falling prices hurt margins last year and still haven’t recovered, and the service center chain’s chief operating officer hopes that buyers accept the most recent increase attempt.

"Our volumes on plate are reasonable. They’re not at peak, (but) we’ve certainly seen them worse than this, by quite a bit. So we’re really not complaining about the volumes," president and chief operating officer Gregg J. Mollins said during the Los Angeles-based company’s Feb. 21 conference call.....

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