Steel plate market sees brighter future ahead

Mar 08, 2013 | 06:19 PM | Catherine Ngai

Tags  plate, steel, steel buyers, SSAB, Nucor, ArcelorMittal, plate prices, Catherine Ngai

NEW YORK — Steel plate prices look poised for near-term gains after at least two mills raised tags $30 per ton amid increased market activity and higher raw material costs.

Nucor Corp., Charlotte, N.C., has increased base prices by a minimum of $30 per ton on all new orders for carbon, alloy and heat-treated plate effective immediately, according to a March 8 letter to customers.

SSAB Americas also said it was raising its base prices by a minimum of $30 per ton for all noncontract as-rolled carbon and high-strength low-alloy plate, normalized plate, alloy plate including nonbranded quenched and tempered, cut-to-length plate greater than 72 inches wide and hot-rolled coil greater than 72 inches wide. The Lisle, Ill.-based company’s increase is for all new and existing orders acknowledged for shipment the week of April 14, it said in a letter to customers March 8.....

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