15
Mar
22:05
US plate prices make modest gain on-week
US plate prices crept up to $1,470-1,500/short ton from last week when prices were transacting between $1,465-1,495/st, Kallanish understands.
“With high scrap prices and few imports, I believe they are looking for a higher transaction price, which obviously helps their bottom line,” explains a distributor.
Earlier this week, Nucor issued a price increase of $100/st on certain plate products. A US plate analyst in the EU explained, “At the mome…
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Anonymous
Very good overview of the weekly steel market.
Anonymous