First Quarter of 2023 in Asia Pacific Chequered Plate Prices Online
North America In the US market, Chequered Plate prices increased in the third quarter of 2023 due to stagnant demand amidst turmoil in the banking sector. Since mid-October, plant utilization rates remained below 75%, and low service center inventories and high raw material prices contributed to higher prices of finished steel. Mills received higher prices on the spot market, causing an increase in steel goods' spot prices. Service centers were cautious when adding inventory as future prices were uncertain. Nucor Brandenberg's new mill appeared to be a few months away from reaching full output. Congested port handling rates caused cargo handling rates to rise. The market was still digesting price increases from last month, and the reduction in mill production caused by weak downstream industry demand led to higher prices. Inflationary cost increases impacted almost all segments, forcing participants in the market to adjust their pricing. The US steelmakers continued to be un...