Buyers bristle at latest steel plate increases

Aug 29, 2014 | 03:36 PM | Michael Cowden

Tags  steel plate, plate prices, price announcement, A36, steel, steel prices, 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.

AMM’s 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 increase—and questions about its necessity and timing—may have disrupted order entry.....





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