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Free Steel Plate Prices Trend and Forecast Houston

Published date: May 12, 2023
  • Location: Houston, Houston, United States

Steel Plate prices in the North American region upsurged during the first quarter of 2023. Initially, demand picked up moderately, reflecting lower stock levels following the holiday season. Service centers reported increased customer inquiries and shipments, but few were interested in stocking up on steel products, especially with lead times not extending any further than they had. In mid-Q1, the domestic steelmakers kept prices elevated owing to the rising raw material costs. As per the buyer, major players were raising costs to compete with the import offers. In March, mills continued to raise spot market offers, but demand remained steady as buyers continued to review their order books. Lead times increased to 7-8 weeks from 6-7 weeks. Confirmed orders were agreed upon and protected until the order was completed and shipped. Therefore, prices of the Steel plate for Ex-Work Texas were assessed at USD 1702/MT on March 31.

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E-Mail:- sales@chemanalyst.com
websites:- https://www.chemanalyst.com/Pricing-data/steel-plate-1439
Contact No:- +13322586602

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