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21 Feb

Restocking reluctance freezes US plate pricing

For the fifth consecutive week, US pricing for carbon steel plate is in a range of $1,270-1,290/short ton, Kallanish hears from market participants. Demand is so weak that lowering the mill price will not necessarily entice restocking, according to buy-side sources.  The competitive nature of service centres and reluctance to maintain price discipline are factors that may be causing turbulence, according to a mill source. “Resell pricing is competitiv…
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