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.....
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.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here