West Coast steel plate prices remain at peak

Mar 31, 2014 | 05:14 PM | Frank Haflich

Tags  steel plate, West Coast, plate prices, Frank Haflich

LOS ANGELES — Long lead times and strong energy-related demand are helping to keep the West Coast steel plate market firm, even though prices appear to have peaked for the time being.

"We’ve pretty much settled at a plateau," one market source said, noting that demand remains healthy but many buyers have successfully filled their inventory holes that developed late last year, and they aren’t playing "catch-up" anymore.

Delivered prices on warehouse grades and sizes from domestic mills are reported at $43.50 to $45.50 per hundredweight ($870 to $910 per ton), depending on the size of the order and the local market.....

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