18
Jul
19:56
US plate prices still moving down
US plate prices continue to slide due to weakness in key end markets and a seasonal lull in demand.
Kallanish lowered its plate price assessment Monday to $620-650/short ton, based on market feedback.
“I’m still seeing declining pricing from mills and service centres,” says one buy-side source. “Some service centres are getting $620/st, which, ironically, is the (mill) selling price. It is a mess right now as no one is making any money…
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Anonymous
Very good overview of the weekly steel market.
Anonymous