Price hikes, lead times propel plate products
Jun 20, 2014 | 05:32 PM
| Michael Cowden
CHICAGO Plate prices are on the rise as increases announced by domestic mills take effect for new orders and lead times continue to push out.
But while U.S. plate prices move up, some market sources expressed concern that mills may have pushed the envelope too farsomething that could lead to ramped-up competition and pressure on domestic prices.
AMMs price assessment for cut-to-length plate jumped to $43 per hundredweight ($860 per ton) f.o.b. Midwest mill this past week from $41.50 per cwt ($830 per ton) previously.....
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