22
Nov
19:27
Weakening demand blamed for US plate price decrease
US plate prices have slipped to $1,310-1,400/short ton from $1,340-1,410/st last week, Kallanish learns.
The market continues to be saturated, even as mills reduce their run rates. The common theme among market participant commentary is consumer demand for plate products is weak.
“If demand doesn’t get better we may have additional downward price pressure. We’ll see if Nucor goes lateral for January or continues to inch down the price. It&rsquo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous