24
May
19:29
US plate prices see slight dip on-week
US plate prices have decreased to $1,490-1,510/short ton from $1,500-1,530/st last week, Kallanish notes.
“Business conditions are down overall. Inventories are down with the thought that plate prices could drop in August,” says one distribution source.
The cause of slowing conditions may be partially due to the season.
“I wish I knew why – it could be a typical slowdown for summer vacation, but I’m not sure,” c…
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Anonymous
Very good overview of the weekly steel market.
Anonymous