Plate prices in the United States continue to hold their ground thanks to stable demand, limited imports and long mill lead times.
American Metal Market's assessment for cut-to-length plate is unchanged at $48.50 per hundredweight ($970 per short ton).Lead times average nine-12 weeks at mills that have spot tons available but some mills might not have spot availability until 2019, assuming they have spot tons available at all, sources said."We went out [to a US mill] for plate... and their price was up $20 [per ton] from the last time we inquired," one service center source said, echoing the sentiment of others...