West Coast market unsure on plate price hikes

Jul 22, 2013 | 06:36 PM | Frank Haflich

Tags  steel plate, West Coast, price increase, Evraz Inc North America, Frank Haflich

LOS ANGELES — West Coast buyers of carbon plate are viewing a $30-per-ton hike by domestic producers with caution as the resale market has yet to indicate it’s ready for higher prices.

"There’s still a lot of cheap plate being quoted out there, and many of our customers are waiting until the last minute to pull the trigger on orders," said a distribution executive, who added that it’s not clear the market is ready for an increase.....

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