After three consecutive increases, prices for carbon steel plate in the United States held flat in the week to Friday August 13, but market participants expect mills to raise prices soon.
Fastmarkets' weekly assessment for steel cut-to-length plate carbon grade, fob mill US remained at an all-time high of $83 per hundredweight ($1,660 per short ton) on Friday, unchanged from August 6 but 219.23% higher than $26 per cwt one year ago.Inputs ranged from $78-94 per cwt, with the higher end representing depot buys.Multiple market participants expect domestic mills to increase prices by another $120 per ton in the next few weeks when the mills open their books for October orders.Most participants agreed that the uptrend will continue for...