Steel plate market malaise seen lingering

Oct 18, 2013 | 05:22 PM | Catherine Ngai

Tags  steel, Nucor, Evraz, SSAB, steel plate, plate prices, Catherine Ngai

NEW YORK — The steel plate market remained in a malaise this past week as buyers questioned whether recent domestic price increases would have any success in the downstream market.

"We’ve seen business slow down," one Midwest service center source said. "It’s getting more competitive out there and people are just dropping margins."

The plate market, which has seen little pricing movement for most of the year, saw a number of material changes in the past week, including Evraz Inc. North America announcing its plan to suspend operations at its Claymont, Del., facility (, Oct. 14).....

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