14
Nov
19:28
US plate producers mulling new increase
Another plate price hike could be in the works, Kallanish learns from market sources.
Mills are collecting substantially all of their latest $50/short ton increase, says one buy-side source. Since that increase was predicated on raw materials, and raw material prices are continuing to rise, another increase seems inevitable, he says.
“Plate is moving up for sure because of iron ore and scrap,” he says. “Nucor tells me $40/st out of the $50/s…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous