Last week, SteelOrbis reported that the most commonly heard spot market price for US domestic plate was hovering at $33 cwt. ($728/mt or $660/nt), ex-mill. This week, sources have said that while that price point is sticking in some parts of the country, ex-mill discounts are readily available based on location.
“The average price in Houston, for example, is somewhere between $31.50-$32.50 cwt. ($694-$717/mt or $630-$650/nt), ex-mill,” the source said. “It’s pretty hard to pinpoint out there right now because there are some bigger jobs that are coming up and the mills are getting extremely aggressive. Where the spot market ultimately settles will be anyone’s guess.”