Steel Products Prices North America
July 26, 2018
Strong Demand and Tight Supplies Likely to Keep Plate Prices High
Written by Tim Triplett
Many steel buyers, and investors in steel futures, are betting that steel prices will follow the typical seasonal pattern and decline in the last few months of the year, even with the Trump tariffs boosting the market. While that may prove true for flat roll, it will most likely not be the case for steel plate, say Steel Market Update sources.
SMU’s latest market canvass shows plate in the U.S. selling in a range from $960 to $1,000 per ton, averaging $980 per ton for September delivery. Plate supplies are tight and customers are on allocation, due in part to the tariffs restricting steel imports.
