Steel plate mills’ price hikes gaining support
Apr 05, 2013 | 04:30 PM
| Catherine Ngai
NEW YORK Domestic steel mills have successfully pushed carbon plate prices back up to early January levels as stable demand and expectations of further seasonal improvement have allowed suppliers to capture much of the $60-a-ton price hikes announced during the first quarter.
"The mills look to be holding firm on the recent $60-per-ton increase that they announced over the month of March," said one Midwest service center source. "Im not confident that itll all stick throughout April ... but the mills have gotten sick of losing money and I cant blame them."
Charlotte, N.C.-based Nucor Corp. and Lisle, Ill.-based SSAB Americas both hiked plate prices some $30 per ton in early March following increases of the same amount announced at the end of February (amm.com, March 8). Chicago-based ArcelorMittal USA LLC had earlier increased its published plate prices by $60 per ton in a single move (amm.com, Feb. 22).....
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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.