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16 Nov

Plate prices remain stable in US

US plate prices continue to hold in the range of $1,600-1,630/short ton, reports Kallanish. Unlike supply concerns in other steel segments, plate remains readily available. “I don't think a shortage is in the cards as there is already excess capacity due to the new Steel Dynamics plant in Texas and the new Mexican sheet mill, Lazaro Cardenas, which ArcelorMittal owns," a buy-side source says. "There's no panic at all in the market. The su…
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