US plate price hits $40/cwt on continuing rally; infrastructure bill, 232 probe could send price higher

摘要

Plate prices in the United States have reached $40 per hundredweight ($800 per ton) for the first time in more than three years - and should continue to climb upward on stronger domestic demand and limited offshore supplies, market participants said.Price could move up even higher and faster should Trump administration policies add fuel to an already overheated market, some said.