West Coast steel plate prices rising
Feb 05, 2014 | 10:28 AM
| Frank Haflich
LOS ANGELES Domestic plate prices are rising on the West Coast, but the gap with imports could persist.
While domestic producers continue to post increases, theres little evidence that spreads of up to $80 per ton ($4 per hundredweight) or more between their product and lower-priced foreign plate will narrow greatly in the coming months.
The latest round of increases by producers east of the Rockies (amm.com, Jan. 24) would raise prices by $30 per ton ($1.50 per cwt), resulting in delivered prices for warehouse grades and sizes estimated at $44.50 to $46 per cwt ($890 to $920 per ton), depending on the local market and buyer. The West Coasts only significant producer....
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