Plate market steady but imports threaten

Apr 11, 2014 | 03:42 PM | Catherine Ngai

Tags  steel plate, plate imports, discrete plate, plate prices, Catherine Ngai

NEW YORK — The steel plate market continues to be even-keeled, sources indicate, although wariness about import pressure has some mills starting to become concerned again.

"Strange enough, things have been the same for the last two to three months," one mill source said. "We’ve been prodding along and there have been no upswings or downswings. But there’s a healthy gap between imports and domestic, so we’re looking at that."

In what is described as a "very steady" domestic market, plate mills have experienced longer lead times and steady pricing since late last year. But more competitive import offers recently could put some downward pressure on pricing in the near term, some indicated.....

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