West Coast steel plate prices gain ground

Apr 10, 2013 | 04:41 PM | Frank Haflich

Tags  steel plate, west coast, Evraz, Nucor, SSAB, ArcelorMittal, Frank Haflich

LOS ANGELES — Price hikes on commodity steel plate are taking hold on the West Coast, although service center buyers in particular said they have yet to see a corresponding uptick in business.

"The (domestic) mills are sticking to their numbers, but there’s no real increase in demand yet," said a plate distributor, noting that—with the possible exception of consumers in the energy sector—daily transactional business has yet to show an increase.

"Pricing seems to have held, although I don’t see it reflected in demand," another market source said. ....

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