Prices for carbon steel plate in the United States jumped after enough buyers accepted the latest round of price increases from domestic mills.
Fastmarkets' weekly price assessment for steel cut-to-length plate, fob mill US climbed to $31 per hundredweight ($620 per short ton) on Friday October 30, up by 5.1% from $29.50 per cwt ($590 per short ton) on October 23.SSAB Americas initiated the most recent price increase on October 16, and other mills followed with similar announcements within two business days. Nucor published a...