Plate prices flat as import fears grip market

Apr 18, 2014 | 02:00 PM | Michael Cowden

Tags  steel plate, plate prices, plate imports, ArcelorMittal, A.K. Steel, NLMK, U.S. Steel, Michael Cowden

CHICAGO — Plate prices have failed to gain momentum from a pickup in business activity, market sources said, in large part because mills and buyers were said to be on guard about a potential surge in imports.

Cut-to-length plate prices remain unchanged at $39.50 per hundredweight ($790 per ton) f.o.b. Midwest mill, market sources said. Pricing in southern Texas and the Southeast were slightly lower at $39 per cwt ($780 per ton) because of the threat of import competition at Gulf of Mexico ports, they said.

Demand was reported to be on the upswing in end markets as diverse as wind turbine towers, utility poles and rail tank cars, although some sources questioned whether increased orders represented a long-term rebound in demand or first-quarter business being pushed into the second quarter because of a long, cold winter.....

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