Plate Market Report: Lack of Buying Expected to Erode Prices
US plate prices have been unchanged for nearly three weeks. But that doesn’t mean they aren’t under pressure. Buyers remain mostly on the sidelines of the spot market and are working through inventories as demand slows to a crawl. The market has been quiet since Nucor announced a $120-per-ton ($6-per-cwt) price cut on discrete plate […]