Steel plate buying steady in uncertain market

Aug 26, 2013 | 05:10 PM | Catherine Ngai

Tags  steel plate, ArcelorMittal USA, SSAB Americas, Nucor, Metals Service Center Institute, MSCI, Catherine Ngai

NEW YORK — Buying activity in the steel plate sector has remained steady in recent weeks, sources said, although distributors and service centers said continued squeezed margins, low inventory levels and lackluster demand has continued to plague the market.

"The mills are trying to position and get an increase in the market, but most people in the market don’t think it’s justified because demand isn’t there," one Midwest service center source said. "There’s still a lot of (downstream) competition and that is the biggest problem out there." ....

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