Steel Products Prices North America
July 18, 2019
CRU: U.S. Plate Prices Play Catchup to the Downtrend in Other Steel Markets
Written by Tim Triplett
By CRU Principal Analyst Josh Spoores and CRU North America Analyst Ryan McKinley
U.S. domestic scrap prices fell by $10 /l.ton m/m in the Great Lakes and Ohio Valley for most grades prior to the Independence Day holiday, but dealers the following week pushed back on the price decline, with some successfully securing little to no change in prices. On the supply side, inbound flows have fallen off by 20 percent or more in many areas, and this has led to some larger dealers resisting the $10 /l.ton price decrease, particularly after mills in the South accepted unchanged prices.
