CRU: Sluggish plate demand weighs on prices
Plate prices declined in all regions this week amid slow seasonal demand.
Plate prices declined in all regions this week amid slow seasonal demand.
After nine quarters of tough sledding the question remains, will supply continue to hang on and slowly exit the marketplace, thus keeping rates rather tame, or will enough carriers get fed up and throw in the towel to have a marked impact on the rate environment?
Wednesday afternoon, the Fed is scheduled to hold a news conference outlining its latest policy.
Recent events, such as the Francis Scott Key Bridge collapse, have caused disruptions in supply chains.
For April, a majority of respondents said they expect ferrous scrap prices to rise.
Spreads aren't improving. Supply shortage persists.
Will prices continue downward in April? Where is the pig iron market heading? How are the steel mills operating?