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06 Dec

US plate market remains slow, prices flat

US plate prices are unchanged in a range of $1,310-1,400/short ton this week, Kallanish understands. For weeks, the plate market lamented inventory excess and expressed surprise when Nucor and SSAB issued price increases (see Kallanish passim). “I’m not optimistic," a midwestern service centre operator says. The source is hopeful but not convinced that the mills' price-hike attempt will make any immediate changes to current conditions, adding…
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