04
May
17:23
US plate price reaches peak earlier than expected
Last week, sources close to one leading US steel manufacturer alerted Kallanish of an impending price increase for plates. However, the source has since learned of the manufacturer's decision to hold prices.
Originally thought to peak this summer, prices may not increase as expected. The cost of plates is driving up prices on projects scoped last year, causing them to be postponed or cancelled. Service centres are said to be holding record low flats inventory …
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Anonymous
Very good overview of the weekly steel market.
Anonymous