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20 Sep

US plate prices soften, UAW strike a worry

Steel plate prices in the US have weakened to $1,430-1,450/short ton, down from last week when the price range was $1,430-1,470/st, Kallanish learns. Wednesday marks the sixth day of the United Auto Workers’ targeted strike against Ford, General Motors and Stellantis. Sources say the labour stoppages are affecting sentiment beyond the auto-related steel items. “The strike would hurt the plate market if HRC drops any lower,” says a plate distribu…
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