US plate price down; further room to drop seen

Plate prices in the United States have continued to fall due to supply and demand concerns, market participants said.

Fastmarkets AMM’s price assessment for domestic cut-to-length plate was at $37.50 per hundredweight ($750 per short ton) on Friday June 28, down by 2.6% from $38.50 per cwt a week earlier. Product was said readily available at mills, with lead times averaging two to three weeks. But sources expressed concern on the demand side. Mills, especially those eager to secure more orders, have...

Published

Muyao Shen

July 01, 2019

20:55 GMT

New York