Plate
September 6, 2022
Written by Michael Cowden
Sheet and plate prices were flat or down this week as some market participants questioned whether tags might be beginning to inflect lower.
Hot-rolled and cold-rolled prices were down $5 per ton week over week. Galvanized (down $55 per ton) and Galvalume (down $40 per ton) fell more significantly.
The Department of Commerce thinks revoking the anti-dumping duty (AD) orders on cut-to-length carbon steel plate from China and Russia would lead to the recurrence of dumping at significant margins.
Algoma Steel Group Inc. expects the first heat from its second electric-arc furnace (EAF) in the coming days, even as it forecasts a quarterly EBITDA loss and a 20% decline in shipments.
Nucor said on Thursday evening it plans to increase plate prices by $60 per short ton (st) as it opens its November order book.
The results of the latest Steel Market Update (SMU) flat-rolled market survey are now available on our website to all premium members.
Steel mill lead times continued to expand for sheet and plate products this week, according to buyers responding to our latest market survey.