17
Dec
15:27
US plate shoots toward $900/st
US plate buyers are feeling the pressure of a wave of new increases, pushing transaction prices past the $900/short ton barrier, Kallanish hears from market sources.
“The increases are definitely in, with some panic buying as the mill are full through first quarter,” says one Midwest buyer, referring to increases ranging from $40-100/st from Nucor, SSAB, ArcelorMittal and others. “[The price] $900/st is real, and I expect a higher number in…
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Anonymous
Very good overview of the weekly steel market.
Anonymous