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02 Feb
20:45

US plate prices hold but decline imminent

Plate prices are maintaining at elevated levels in the US, but the market is holding its breath, anticipating a fall in prices at any moment. Kallanish’s weekly US A36 plate assessment is steady this week at $1,800-1,850/short ton, ex-works domestic mill. Mills continue to hold the line on pricing even as lead times are reported to have fallen to four weeks. Nucor announced last week it will keep plate base prices flat for a second consecutive month at $1,8…
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