Buyers bristle at latest steel plate increases
Aug 29, 2014 | 03:36 PM
| Michael Cowden
CHICAGO Steel plate prices have moved up over the past week following a round of increases by several major domestic producers.
However, the increases are not sticking in full due to pushback from some service centers and downstream customers, who market sources said had not been as fierce in opposing price hikes announced earlier this year.
AMMs plate price assessment increased to $44 per hundredweight ($880 per ton) from $43 per cwt ($860 per ton) previously. The increase is less than the $1.50-per-cwt hike announced by domestic plate producers (amm.com, Aug. 22).
A previous round of price increases in June was largely accepted by buyers (amm.com, June 20), market sources said, but the current increaseand questions about its necessity and timingmay have disrupted order entry.....
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.