West Coast remains skeptical of plate hikes

Aug 16, 2013 | 05:11 PM |

Tags  steel plate, WEst Coast market, price increase, price realization, Nucor Corp., SSAB Americas, Frank Haflich

LOS ANGELES — The latest round of steel plate price hikes is being greeted on the West Coast with the same skepticism as a previous attempt, although some buyers think there may be an improved chance at least part of the increase might stick.

Lisle, Ill.-based SSAB Americas raised plate prices by $25 per ton on Aug. 9 (amm.com, Aug. 9).The move was followed by Charlotte, N.C.-based Nucor Corp., which announced a minimum $25 per ton hike effective Aug. 13 (amm.com, Aug. 13). ....

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