13
Sep
19:20
US plate prices hold, sources share gloomy outlook
US plate prices held on-week at the range of $1,430-1,490/short ton, Kallanish learns.
“Business has fallen even more. No one wants to order materials because the general feeling is prices are not done falling. Backlogs have decreased as the fourth quarter looks questionable,” a plate distributor says.
Another plate market participant notes: “The market is a mess. Customers order only what they need when they need it for fear of lower prices t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous