Plate market mixed, prices face pressure

Mar 22, 2013 | 03:40 PM | Catherine Ngai

Tags  steel plate, ArcelorMittal, SSAB, Nucor, hot-rolled coils, lead times, scrap, plate prices Catherine Ngai

NEW YORK — The steel plate market remained steady this past week, although sources are mixed on the direction prices are headed given shortened lead times and anticipated downward pressure on raw materials.

"The mills are almost game playing right now (in terms of the increases)," a Midwest service center source said. "I’m supportive of higher costs from the mills, but only if the market supports it. The problem is that demand is down significantly year over year." ....

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