US plate prices keep rising after July mill increases

August 03, 2021 / www.metalbulletin.com / Article Link

Prices for carbon steel plate in the United States strengthened for a second week while the latest wave of mill price increases ripples through the market.

Fastmarkets' weekly assessment for steel cut-to-length plate carbon grade, fob mill US climbed to an all-time high of $82 per hundredweight ($1,640 per short ton) on Friday July 30 from $80 per cwt on July 23. The assessment has more than tripled in a year and gained 90.70% in the first seven months of 2021.Inputs were received in a range of $78-85 per cwt. Mills offering at the upper half of that range are the ones...

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