US plate prices retreat amid persistent headwinds

摘要

Pittsburgh—US steel plate prices moved lower July 10, as weak demand and lower scrap pressured the plate market. The daily Platts TSI US plate index was $3.75 lower week on week at $611.25/st on a delivered Midwest basis, and was 50 cents lower from July 9. Following two rounds of price hikes, plate prices have gained over $50/st since reaching a low of $563.25/st in late May, but began to erode over last week.