Steel plate prices in the United States did not move during the week to Friday October 11, while market participants stayed on the sidelines, fearing that prices could soon follow the steep drops that have taken place on the domestic ferrous scrap and hot-rolled coil markets.
Fastmarkets' price assessment for steel cut-to-length plate carbon grade, fob mill US, held at $33.50 per hundredweight ($670 per short ton) on October 11, steady from a week ago.Prices were unchanged because little activity was reported during the week, resulting from a lack of demand in the plate market and possibly little competition from the imported market."[Mills are] trying to hold the price, and it's detrimental...