Prices for carbon steel plate in the United States shot up after three weeks of stability following a mill price hike, and market participants expect monthly increases from domestic steelmakers will continue through the second half of the year.
Fastmarkets' weekly assessment for steel cut-to-length plate carbon grade, fob mill US reached an all-time high of $80 per hundredweight ($1,600 per short ton) on Friday July 23, up by 6.67% from $75 per cwt the previous week and more than triple the $26 per cwt recorded at the same time last year.Market participants who spoke with Fastmarkets earlier this month had predicted a new round of plate price hike announcements.On July 20, Nucor set its base price for as-rolled discrete/cut-to-length grade A36 plate at $78...