Plate market steady on long lead times

Mar 04, 2014 | 06:04 PM | Catherine Ngai

Tags  steel, discrete plate, strip mill, plate prices, Catherine Ngai

NEW YORK — The steel plate market remains resilient despite expectations for lower raw material prices this month and potentially free-falling strip mill tags, with sources noting that long lead times and relatively strong demand are keeping the market firm.

Discrete plate prices remained steady this week at around $39.50 per hundredweight ($790 per ton), sources said, while prices were closer to $38.50 to $39.50 per cwt ($770 to $790 per ton) in the South, generally a more competitive market.....

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