This afternoon ArcelorMittal USA matched a previous mill plate price announcement taking plate price up by $30 per ton. In a emailed letter to their customers ArcelorMittal advised transaction pricing will be increasing by a minimum of $30 per ton. The increase applies to all non-contractual carbon, HSLA, alloy, heat-treated, and specialty plate products.
SMU expectation is the other plate mills will follow.
Rumors persist that flat rolled prices will soon follow.
John PackardRead more from John Packard
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