Carbon steel plate marts robust: Russel Metals

Aug 13, 2014 | 01:54 PM | Thorsten Schier

Tags  Russel Metals, earnings report, Brian Hedges, John Reid, Thorsten Schier

NEW YORK — Russel Metals Inc. continues to see robust markets for carbon plate products, with extended lead times and strong end-user demand.

"Plate lead times are still at 12 weeks. It’s still the most robust industry that we’re seeing," executive vice president and chief operating officer John G. Reid said during a second-quarter earnings conference call Aug. 13, adding that the distributor is seeing "good end-use markets, so I don’t see anything driving (plate prices) down in the near future."

Reid said that hot-rolled coil lead times are about four to five weeks.....

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