Steel plate prices have legs, imports no concern

Jul 30, 2013 | 04:54 PM | Catherine Ngai

Tags  carbon steel plate, steel plate prices, price increase, Nucor Corp., SSAB Americas, ArcelorMital USA LLC, carbon plate market, carbon plate imports 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 aren’t so robust that you can jam an increase through and move on. We’re watching the game closely."

In recent weeks, the three largest U.S. plate mills—Nucor Corp., SSAB Americas and ArcelorMittal USA LLC—all 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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