Prices for steel plate in the United States continued to hold their ground over the past week, while mills were hinting at another price hike in January 2019, according to market participants.
Fastmarkets AMM's price assessment for cut-to-length plate was unchanged at $49.50 per hundredweight ($990 per short ton) on Friday December 14. Lead times averaged five to six weeks, sources said, with certain mills still on so-called "controlled order entry" for their tons.Sources were mixed on whether price increases announced in October had yet been fully accepted in the...