But participants emphasized that pricing stability remains the prevailing theme in the plate market. They credit the plate mills' two rounds of price-increase announcements in the spring - even though those hike never broadly resulted in higher prices.
Fastmarkets' weekly price assessment for steel cut-to-length plate carbon grade, fob mill US fell to $26.75 per hundredweight ($535 per short ton) on Friday June 26 from $27 per cwt on Friday June 19. The price had been steady at $27 per cwt for the previous six weeks.
Lead times are still reported at around four weeks or less.