US plate price stuck at nearly four-year low

Prices for carbon steel plate in the United States have continued to hold steady after neither producers nor distributors reported any impetus to offer cheaper prices or to book bigger tonnages.

Buyers saw no urgency to book large inventory buys from the mills at the moment, because there is plenty of material on the ground at various service centers that can sell to each other at competitive prices, according to market participants. Consumption remains subdued.  “Most steel distributions are well stocked, and there is enough to go around,” a southern distributor said. “Demand...

Published

Dom Yanchunas

August 03, 2020

19:33 GMT

New York