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28 Feb

US plate prices drop, market anticipates more decreases

Prices for carbon steel plate in the US have declined this week for the first time in almost two months, and market participants tell Kallanish that they anticipate additional decreases given the lacklustre market demand. Plate prices are now assessed in a range of $1,240-1,260/short ton, down from their seven-week position of $1,270-1,290/st. A distributor in the mid-Atlantic region on Wednesday shares that he expects a mill update that will formally confirm nā€¦
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