W. Coast plate continues to strengthen

Jul 22, 2014 | 05:31 PM | Frank Haflich

Tags  steel, steel plate, West Coast, Evraz North America, energy, South Korea, Japan, Frank Haflich

LOS ANGELES — Domestic plate prices as well as demand continue to rise on the West Coast, paced by an energy market that appears to be going from strength to strength.

"We’re seeing a combination of oil and gas drilling and energy-based demand that’s unprecedented," a fabricator source said, noting that demand is "broad-based" and not concentrated in any specific corner of the energy market.

"There are a lot of jobs out there," a distributor source said, citing what looks to be a recent surge in plate demand, although some sectors such as bridge construction appear relatively quiet.....

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