Steel plate market malaise seen lingering
Oct 18, 2013 | 05:22 PM
| 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.
"Weve seen business slow down," one Midwest service center source said. "Its 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 (amm.com, Oct. 14).....
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