20
Apr
17:07
US plate buyers prep for price fall
US plate prices are dangling over the edge of another drop, Kallanish hears from market sources.
Kallanish held its A36 price Monday at $670-700/short ton, ex-works, domestic mill.
That number is in danger, however, as mills rapidly complete previously ordered and paid-for work from heavy equipment manufacturers.
“Plate is flat and getting weaker as manufacturing has hit the wall,” says one Midwest buyer. “Word is that Caterpi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous