SteelOrbis has learned that the average spot market price range for US domestic plate continues to hold at approximately $63-$65 cwt. ($1,389-$1,433/mt or $1,260-$1,300/nt), FOB mill, reflecting no change since last week.
However, prices are expected to soften following Nucor's announcement this week of a $2.50 cwt. ($55/mt or $50nt) price decrease for plate products.