21
Feb
20:14
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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Anonymous
Very good overview of the weekly steel market.
Anonymous