Steel plate prices have legs, imports no concern
Jul 30, 2013 | 04:54 PM
| Catherine Ngai
NEW YORK Domestic mills have succeeded in boosting carbon steel plate prices in the past week, but the outlook is still uncertain, sources said.
"From what I can tell, it seems the increase is sticking at least in the short term," said one mill source. "A lot of projects came off the sidelines, and we were pretty much at the bottom. I still think the conversation in the market is that things arent so robust that you can jam an increase through and move on. Were watching the game closely."
In recent weeks, the three largest U.S. plate millsNucor Corp., SSAB Americas and ArcelorMittal USA LLCall hiked base prices on discrete plate by $30 per ton. The move came after the last round of increases effectively fizzled and plate prices took a dive through the summer.....
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