Steel plate lead times said factor to watch
Apr 26, 2013 | 04:13 PM
| Catherine Ngai
NEW YORK Lead times at some domestic plate mills could start to come in now that planned spring outages at a number of facilities have concluded, sources said, noting that any significant lead time reduction could begin to put downward pressure on the recently stable steel plate market.
Planned maintenance outages at several plate mills, including SSAB Americas outage in Montpelier, Iowa, were one major factor lending strength to first-quarter plate price hikes, sources said. Since March, Lisle, Ill.-based SSAB, Charlotte, N.C.-based Nucor Corp. and Chicago-based ArcelorMittal USA LLC have all pushed up published plate prices by $60 per ton (amm.com, March 8).....
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