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29 May

US plate prices decrease on-week, pessimism reigns

Pricing for domestically produced carbon steel plate in the US is weaker this week, with market participants reporting a dearth of spot orders at the mills and fire-sale-level offers at the service centres..  Plate prices have dipped to $1,040-1,100/short ton from last week’s range of $1,060-1,100/st, Kallanish hears. In the week of 22 May, sources had suspected another price drop may be coming, given the lack of overall market demand (see Kallanish 22…
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