Steel plate buyers surprised by price increases

Nov 08, 2013 | 03:15 PM | Catherine Ngai

Tags  steel plate, plate imports, SSAB Americas, Nucor, price increases, resale market, Catherine Ngai

NEW YORK — At least three plate mills have raised prices recently in moves that some speculated could open the market to more imports.

But some participants questioned how higher pricing by U.S. mills would translate into the market, particularly the resale market. They added that the recent price increases are making the plate import market, which has been rather weak in recent months, look more attractive.

"I just don’t get it, and I don’t see how mills can raise prices again," one Northeast service center source said. "The resale market is kind of soft, and I’m wondering if I should go offshore."....

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