The steel plate market in the United States held at a two-year low last week despite domestic mills' efforts to raise prices earlier in the month.
Fastmarkets' price assessment for steel cut-to-length plate carbon grade, fob mill US, was at $30 per hundredweight ($600 per short ton) on Friday November 22, unchanged for a second consecutive week and the lowest level recorded since early November 2017. But plate prices could start to recover soon, some market participants said, pointing to an upbeat hot-rolled coil market, anticipated gains in US ferrous scrap prices in December and still silent import offers. "We have been trying to increase...