Steel plate prices up on lead times, lean stocks

Nov 15, 2013 | 04:38 PM | Catherine Ngai

Tags  steel plate prices, SSAB Americas, Nucor, ArcelorMittal USA, Evraz, Catherine Ngai

NEW YORK — Steel plate prices rose this past week on extended lead times, low inventory levels by service centers and a pickup in orders at the mill, sources said.

Since early October, Charlotte, N.C.-based Nucor Corp., Lisle, Ill.-based SSAB Americas and Chicago-based ArcelorMittal USA LLC have each raised steel plate prices by $3.50 per hundredweight ($70 per ton) in an effort to get more value for their product.

Buyers and mill sources noted that higher raw material costs and the announced idling of Evraz Inc. North America’s Claymont, Del., facility were contributing factors.....

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