28
Oct
18:33
US flats market frets over logistical uncertainties
Prices of plate in the US continue to hold in the range of $1,600-1,630/short ton. Hot rolled coil has held its current range of $700-760/st, but cold rolled coil crept down to $1,000-1,100/st, amidst growing concerns over the price and operations of logistics, Kallanish learns.
“Freight costs are starting to harm the bottom line. I understand that there is only a 15-day diesel fuel reserve,” says a distribution-side source.
As for the JSW plate mill …
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Anonymous
Very good overview of the weekly steel market.
Anonymous