American Metal Market’s latest assessment for domestic cut-to-length plate jumped by $1.50 per hundredweight week on week to hit $39 per cwt ($780 per ton). The plate price was last at that level in December 2014.
After a slow slide to $23 per cwt in December 2015, the plate price rebounded and dropped again in 2016 before logging a less-volatile 2017.
Now, long-rumored Section 232 import curbs, potential US line pipe projects, declining imports and a steady energy rig count are all helping to support prices, market participants said
On the other hand, flat scrap pricing for February - plus the rapid pace of price hikes lately...