Prices for steel plate have inched up in the United States, due to a round of price increases from domestic mills gaining at least partial traction in the market.
Fastmarkets AMM's price assessment for cut-to-length plate stands at $48.50 per hundredweight ($970 per short ton), up 1% from $48 per cwt ($960 per ton) previously, where the price had remained since October 5. Lead times were in a wide range between four and eight weeks - stretching solidly into December at most mills, market participants said."I believe that the strength of the market demand...