Plate hikes may stick on W. Coast: market

Oct 22, 2013 | 09:48 AM | Frank Haflich

Tags  steel plate, West Coast plate, price increases, plate prices, ArcelorMittal USA, SSAB Americas, Nucor, Evraz North America steel

LOS ANGELES — Steel plate price increases are being given the best chance in months to succeed on the West Coast despite what several market sources said is little evidence that overall demand is going anywhere but sideways.

"So far they’re holding to their guns," a service center source said about the four domestic mills that recently disclosed increases ranging from $30 to $50 per ton.

"People are predisposed to accept an increase going into the first quarter of next year," one buyer said, citing an uptick that traditionally occurs after the New Year.....





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