27
Sep
19:18
US plate prices stay steady, increase on horizon
Relatively static US plate prices held steady last week, but an increase slated to take effect in November might temporarily boost pricing by year-end.
“Plate usage remains strong,” one Midwest buyer tells Kallanish. While expecting last week’s announced $40/short ton price increase to stick (see Kallanish 27 September), the buyer adds that: “After November, all bets are off on any increases as the market is due for a correction soon.&rdquo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous