US plate up on price increase, higher scrap

摘要

US plate prices have inched higher on recent price increases andpositive scrap market sentiment, although end markets remainlacklustre, market sources said.Metal Bulletin sister publication AMM’s assessment for cut-tolengthplate is now at $24 per hundredweight ($480 per ton) up from$23.50 per cwt ($470 per ton) previously.“We’re transacting up now. Scrap went up so that supports it,” a USMidwest distributor said.