10
May
17:45
US plate prices hold despite looming economic fears
US plate prices held in the range of $1,500-1,530/short ton for the second week, Kallanish reports.
The rate of economic growth in the US has market sources concerned as they fear a recession.
“There is a lot of uncertainty in the plate market right now,” a plate distributor explains.
“A recent AISI report has a projection of 4.1 million tons for 2023. That is down from 4.6 million tons in 2022. Part of that is due to the increase of coil produ…
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Anonymous
Very good overview of the weekly steel market.
Anonymous