Plate prices tick up as mills hold their ground

Oct 25, 2013 | 06:38 PM | Catherine Ngai

Tags  steel plate, discrete plate, plate prices, SSAB Americas, wind towers, Catherine Ngai

NEW YORK — Steel plate prices saw a slight uptick this past week as market sources reported that mills were more determined to push for higher numbers.

But while higher prices may be achieved in the short term, some market participants wondered why SSAB Americas announced a $20-per-ton-hike Oct. 24, given flat market conditions (, Oct. 24 ), amid skepticism that another increase can be passed on to customers.

"Most, if not all, service centers have kept their inventories lean," a Midwest distributor source said. "Mill lead times are still stinkin’ short and I don’t really believe anything has changed. My gut tells me the rest of the fourth quarter is what you’ll see today and maybe we’ll see a slight uptick in the first quarter of next year—but I definitely wouldn’t look for anything monumental."....

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