Russel bullish on plate after solid 1st quarter

May 07, 2014 | 04:14 PM | Thorsten Schier

Tags  Russell Metals, steel plate, pipe, oil country tubular goods, earnings report, John G. Reid, Brian R. Hedges, Thorsten Schier

NEW YORK — Steel plate prices are a bright spot for Canadian service center chain Russel Metals Inc. and should remain so in the near term.

"Plate products are as firm as we’ve seen them for a long time" and pricing should remain firm into or beyond the third quarter, executive vice president and chief operating officer John G. Reid said during the company’s first-quarter earnings conference call.....

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