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20 Jun

US plate market slump may linger: sources

US plate market participants are not optimistic about any quick fixes to the demand conundrum, Kallanish understands.  Multiple market sources confirm a gap between published plate prices and actual spot transaction pricing this week. US carbon steel plate prices remain within a range of $1,040-1,100/short ton despite listings of mill prices at $1,200/st and rumours of transactions as low as $1,000/st.  One midwestern distributor expects soon-to-be…
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