06/04/2025 16:16:10 ET|Market Commentary
AuthorAlexandra Szczupak<;%20sentiment%20remains%20mostly%20stable&body=https%3A%2F%2Fplattsconnect.spglobal.com%2F%23platts%2FnewsArticle%3FarticleID%3D30ab48a0-9921-48d6-a236-ae16e07f821d%0AArticle%20Highlights%3A%0A%0ASupply%20stays%20ample%20while%20demand%20remains%20muted%0AConstruction%20demand%20heard%20steady%20to%20slightly%20down%0A%0A%0AContinue%20reading%20the%20full%20article%20by%20subscribing%20to%20the%20S%26P%20Global%20Commodity%20Insights%20Platts%20Connect.%20Email%20ci.support%40spglobal.com%20to%20learn%20more%20and%20subscribe”>.>|EN
Steel plate
+-

* Supply stays ample while demand remains muted
* Construction demand heard steady to slightly down

US steel plate prices were flat day over day but trended lower in the week ended June 4, as tradable values were in a range, with pricing for standard tonnages moving lower.
Platts assessed the daily TSI US plate index at $1,200/st on a delivered basis, unchanged from its previous assessment.
A trader said tradable values from Midwest mills were in a wide range of $1,140-$1,240/st on a delivered basis. The source said tradable value for truckload quantities of 20-40 st was at $1,240/st on a delivered basis from a Midwest mini-mill, with lead times at four weeks.
“The reality is that plate mills are not very busy,” the source said, adding that tariffs on steel importsincreasingto 50% kept buyers firmly on the sidelines due to uncertainty.
When asked about demand, the source said activity levels for construction were “just okay” despite being at a point in the year when projects typically pick up.
However, the source said he didn’t expect significant price falls for plate products and anticipated mills’ spot offers to stay relatively stable in a range.
A Midwest service center source said tradable value was lower, in a range of $1,100-$1,120/st on a delivered basis from domestic mills.
“Plate supply is ample and demand is just so-so,” the source said, adding that other service centers were not doing much spot buying outside of back-to-back orders.
“Transaction prices are coming down as well,” the source added.
The service center source also anticipated plate prices to stay mostly stable.
“The mills [are] trying to hold the line on service-center stock pricing but will come down on project tons,” the source said.
Platts is part of S&P Global Commodity Insights.