US plate price flat; demand pick-up still elusive

January 28, 2020 / www.metalbulletin.com / Article Link

Steel plate prices in the United States are stable, with market participants reporting lackluster restocking rates at service centers and short lead times at mills.

"It appears that the prices are stalling out," one plate consumer said. 
Some market participants said that mills' price increases at the end of 2019 were premature. The hikes might have pulled forward some buying that otherwise would have occurred after January 1. Upstream scrap prices are now retreating, broadly putting the brakes on an upswing in steel pricing and potentially convincing plate buyers to hold off on purchasing.

"For the past two or three weeks, [the plate price] has been firm, with no major change one way or the other," a southern distributor said. "We have been busy but there is a lot of material out there, and we have not seen...

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