Plate outlook improving: ArcelorMittal

Mar 25, 2013 | 03:42 PM | Frank Haflich

Tags  steel plate, ArcelorMittal, Jack P. Biegalski, Association of Steel Distributors, Frank Haflich

PALM DESERT, Calif. — The domestic steel plate market is seeing renewed strength in a number of end-use sectors, but it’s the need to achieve profitability—rather than the reported uptick in demand—that appears to be behind recent price hike announcements, an ArcelorMittal USA LLC executive says.

Jack P. Biegalski, director of plates and product control for Chicago-based ArcelorMittal, said that when questioned by customers about the announced price increases despite what they’ve described as a lack of demand, his response has been straightforward: Producers were "not making any money" on plate at the earlier prices.

"We’ve taken demand out of the equation" in plate pricing, Biegalski told the Association of Steel Distributors’ 2013 Annual Convention in Palm Desert, Calif., on March 21.....

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