Prices for carbon steel plate in the United States have stabilized after four consecutive weeks of increases, and market participants expect a flat period followed by more price hikes.
Fastmarkets' weekly assessment for steel cut-to-length plate carbon grade, fob mill US was at $75 per hundredweight ($1,500 per short ton) on Friday July 2, unchanged from the previous week but nearly triple the $26.75 per cwt recorded at the same time last year.The market could be sideways for a few weeks, market participants said,...