NEW YORK Steel plate
prices remained stable this past week on the back of continued
buyer hesitancy, sources told AMM.
Service center sources reported
a slight uptick in inquiries in recent days from end-use
consumers, but that renewed interest has not translated into a
pickup in sales for most distributors, sources said.
"A lot of people are pricing
things out right now, and theyre asking for quotes. No
one is quite sure how the market is doing, but there are still
a lot of things out there overhangingausterity in the
banking system, bailouts in Europe, sequestration," one Midwest
service center said.
"Demand isnt real strong
out there, and I think if you want to place an order, there is
definite room to negotiate," he added.
A second Midwest plate buyer
said his booking activity has seen a slight uptick this past
week, although he said demand is still not anything to write
"Were making some good
bookings, but demand isnt all there," the second Midwest
For the week of July 28, plate
prices softened to $36 per hundredweight ($720 per ton) f.o.b.
Midwest mill (
amm.com, Feb. 1), and some say negotiations are
still possible as a result of the oversupply situation.
"Nothing has changed all that
much on the plate side, and nothing major is going on," a third
Midwest buyer said. "I know a lot of the mills still have
inventory on the ground."
Meanwhile, buyers maintain that imports have had minimal
impact in the Northeast and Midwest markets due to similar
prices and a hesitancy to book forward.