22
Dec
18:30
US plate price hike likely to stick
The $50/short ton plate price increase announced this week by SSAB Americas and Nucor has a good chance of sticking, despite somewhat tepid demand levels, market sources tell Kallanish.
Though 2016 has been an historically down year for plate – both in terms of volume and pricing – business conditions have improved enough to boost it past the $600/st threshold, says one buyer.
The buyer adds that declining import levels and rising scrap prices are…
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Anonymous
Very good overview of the weekly steel market.
Anonymous