The US flat rolled steel market uptrend has continued, and domestic plate prices have risen as well. This week, spot market prices for US domestic plate are being heard in the range of $59-$60 cwt. ($1,301-$1,323/mt or $1,180-$1,200/nt), FOB mill, against a range of $56-$57 cwt. ($1,235-$1,257/mt or $1,120-$1,140/nt), FOB mill, a week ago.
In contrast, the US plate spot price during the same reporting period in 2020 was recorded at approximately $31 cwt. ($683/mt or $620/nt), FOB mill.