Steel plate market ‘malaise’ continues: sources
Jul 01, 2013 | 02:42 PM
| Catherine Ngai
NEW YORK The U.S. steel plate sector remains fairly stagnant as lackluster demand and squeezed margins continue to plague the market, sources said.
"Were in a malaise here. Were just kind of hanging around," one plate mill source told AMM. "Volumes are relatively unchanged, but its just that malaise has settled into the plate market. There are skinny margins and were not expecting to see much movement."
Although steel sheet prices have been moving up steadily in recent weeks, the domestic plate market has been less robust, accepting only a portion of the $60-per-ton increase announced in the spring and prices actually losing some ground in the first week of June (amm.com, June 7).....
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