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The U.S. steel mills may be an increase in the price of medium plate

Sep 05,2018
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Recently due to the delivery time to extend and scrap costs could rise, nucor improve plate in the quotation. Price hikes for 30 to 40 dollars/ton, but other U.S. steel mills did not follow price increase so far.

Although mills delivery time has been extended to November and December, but the market follow prices are divided about whether the other steel mills. Scrap traders and steel mills is expected in September scrap steel prices will not fall, at the same time, the thick plate in domestic and export market demand is still strong, the market price may stabilize or continue to rise. But there are some doubt whether they will accept the price hikes. After July and a half months of service center of the plate stock has recovered, the extension of the date of delivery may be just the inventory level and the gap between the shipments is bigger, the service center need to improve the inventory, so the market may not be fully accept the price increase.

At present, in the southeastern United States steel A36 plate factory price rose $5 / ton, 845-855 dollars/ton.

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