16
May
21:05
Talk heats up concerning US plate increase
Though plate has been holding steady in the US for some time, conditions are just about right for another price surge, market sources tell Kallanish.
Kallanish currently puts A36 plate at $730-750/short ton, with mill list prices hovering right around $760/st.
“I do think the mills will use a variety of reasons for increases, but if scrap moves up in June, they may move up fairly quickly,” says one buy-side source. “Nucor usually leads the w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous