Steel sheet, plate prices hold steady
Aug 04, 2014 | 09:43 AM
| Michael Cowden
CHICAGO Steel sheet and plate prices held steady this past week in a sign that the steel industry might be dodging the usual summer doldrums this year, market sources said.
Stable prices and lead times also come despite a big gap between pricing in the United States and the rest of the world, as well as high import volumes, they said.
AMMs hot-rolled coil price was steady at $33.50 per hundredweight ($670 per ton), while cold-rolled coil held at $39.50 per cwt ($790 per ton) and plate prices remained at $43 per cwt ($860 per ton).
Domestic mills were said to be mulling increases, given the firm lead times and improving demand. But some market sources said they were unlikely to announce base price increases ahead of a potential wave of trade petitions on sheet steel products.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.