Market expects mill hikes to stick as seasonal demand increases: plate sources 

Once wintery weather gives way to sunnier spring conditions, plate sources foresee the market accepting the $50-60 per short ton spot price increases issued by Nucor Plate Group, Oregon Steel Mills, and SSAB. 

Right now, market sources are reporting delayed deliveries from some domestic suppliers. Producers, they said, are experiencing production issues that are crimping the existing supply. However, they admit to being too hesitant to increase their inventory supplies and say they aren’t paying the new prices yet. Peppered across multiple regions with varying market conditions, the sources unanimously said that if production issues aren’t resolved by the time seasonal demand picks up, everyone will have to absorb any price increases.