W. Coast plate market remains divided

May 29, 2014 | 05:59 PM | Frank Haflich

Tags  steel plate, West Coast, Nucor, ArcelorMittal USA, SSAB Americas, Evraz, Frank Haflich

LOS ANGELES — The West Coast carbon steel plate market remains divided between escalating domestic prices and slower-rising foreign plate that is $100 per ton or more below delivered tags from U.S. mills.

"Prices are going up, delivery times are being pushed out and we have no indication the mills are going to increase production," said a source at one fabricator that’s required to buy mainly domestic plate, noting deliveries have stretched to 16 weeks from about eight weeks at the start of the year.....

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