Steel Products Prices North America
November 7, 2019
Plate Prices in Play, But Not Much Confidence
Written by John Packard
Despite the Oct. 28 plate price increase announcement out of Evraz ($40/ton), plate prices continue to be under pressure. [Please note: This article was completed just prior to the Nucor $40 price increase announcement, which was made on plate products at 4 p.m. this afternoon.]
A large plate buyer told SMU they had just received a $40/ton reduction in spot pricing this week. However, they did feel the market may be close to a bottom, and they had heard talk of a price increase.
