Weak spot demand, trade fears hit US steel plate price

March 05, 2019 / www.metalbulletin.com / Article Link

The price for steel plate in the United States has slipped to the lowest point in eight months due to weak service center demand and fears that Section 232 tariffs could be removed against Canada and Mexico, market participants said.

Fastmarkets AMM assessed cut-to-length plate at $47 per hundredweight ($940 per ton) on Friday March 1, down by 1.1% from $47.50 per cwt previously and off 5.1% from $49.50 per cwt late last year.The plate price was last at $47 per cwt in June 2018, Fastmarkets AMM pricing archives show.Lead times are in a wide range of four to eight weeks, sources said.Higher prices take a hikeWhile some mills remain busy with project work in the line pipe sector in particular, others have more open order books and are willing to offer discounts if necessary, sources said."Service centers are probably the weakest link" among mill customers, one Great Lakes service center source said. Service centers are not only...

Recent News

Copper market distortions driven by new US tariff policies

July 28, 2025 / www.canadianminingreport.com

Gold stocks up even as metal pulls back

July 28, 2025 / www.canadianminingreport.com

Gold stocks down as markets continue to new highs

July 21, 2025 / www.canadianminingreport.com

TSXV Top 20 Gold market cap shifts away from exploration

July 21, 2025 / www.canadianminingreport.com

Many new players enter TSXV gold Top 25 by market cap

July 14, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok