23
Nov
20:27
US plate market stable, braces for price drop
US plate pricing has not budged from $1,600-1,630/short ton for the sixth consecutive week, Kallanish reports. However, with the new Nucor Brandenburg mill coming online in early December in Kentucky, the market anticipates a potential decrease in the days ahead.
“Prices remain the same as they should the rest of the year, but it is possible they could drop a little. Scrap has bottomed out, I believe, which may hold prices firm. Business condition…
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Anonymous
Very good overview of the weekly steel market.
Anonymous