Prices for carbon steel plate in the United States held steady week on week while mills increased asking prices in the aftermath of their late-August round of increase notifications.
There was no consensus over mills' near-term ability to collect their announced plate price increases in full during a period of exceptionally weak demand for the item. A jump in scrap input costs eventually may tip the scales in favor of the mills winning their increases, some market participants said.Fastmarkets' weekly price assessment for steel cut-to-length plate carbon grade, fob mill US was unchanged at $26 per hundredweight ($520 per short ton) on Friday September 4. The price strengthened for the first time in 2020 on August...