Steel plate prices soften; outlook unchanged

Sep 26, 2013 | 05:47 PM | Catherine Ngai

Tags  steel plate, license data, plate prices, hot-rolled, Catherine Ngai

NEW YORK — Demand in the steel plate market remained flat this week, with sources anticipating continued steadiness into the fourth quarter.

"Things have been very flat, pretty much like all of 2013. There’s no reason for me to believe that we’re going to see a change until maybe the first of the year," one Midwest service center source said. "I don’t see anything happening in the fourth quarter that will change that."

However, despite a steady outlook, mills and service centers said that a softening in steel prices in certain parts of the country this week were due to competitive imports and pressure by service centers because of stiff competition downstream.....

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