Carbon steel plate prices in the United States were stable on Friday October 29 but are expected to rise soon, with market participants saying recent mill price hikes will likely be accepted but have not quite hit spot prices.
Fastmarkets' cut-to-length plate, fob mill US price was assessed at $89 per cwt ($1780 per short ton) on Friday October 29, flat since October 1 and at an all-time high. Inputs ranged from $88-92 per cwt, with mill offers and purchases reflected throughout the range. Participants expect the recent price increases from Nucor and SSAB to be excepted by the market and for at...