Steel plate buyers surprised by price increases
Nov 08, 2013 | 03:15 PM
| 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 dont get it, and I dont see how mills can raise prices again," one Northeast service center source said. "The resale market is kind of soft, and Im wondering if I should go offshore."....
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