Plate under pressure as buyers push back

摘要

Plate tags have struggled to hold their ground as a push by mills to increase prices faces stiff resistance from buyers, market participants said. AMM’s spot assessment for cut-to-length plate f.o.b. mill remains at $29 per hundredweight ($580 per ton). “It’s starting to get quiet ahead of July 4. And plate was already pretty competitive, especially with all the inventory we’re still chewing through,” an East Coast service center source said.