Steel plate prices up on lead times, lean stocks
Nov 15, 2013 | 04:38 PM
| 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 Americas Claymont, Del., facility were contributing factors.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.