Steel plate prices flat, but some see upturn

Jun 06, 2014 | 05:05 PM | Michael Cowden

Tags  steel plate, plate prices, price increase, scrap, srap prices, Evraz, Claymont, Michael Cowden

CHICAGO — Steel plate prices remained firm this past week as some market sources said the sector could be in for a long-overdue cyclical upturn. But others cautioned that such bullish talk made little sense with scrap prices expected to fall in the near term.

Bulls pointed to lead times at domestic mills that have stretched as far out as late August and September, depending on the product and mill, with demand reported to be improving in the United States and stable or edging up in Europe and Asia.....

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