Scrap Prices North America
July 20, 2022
Plate Market Report: Delta Unsustainable, Bound to Fall
Written by David Schollaert
US plate prices have been holding steady and bucking the downtrend presently seen across sheet and coated products. Plate demand has remained largely steady, while buyers have maintained lean inventories, only taking volumes to fill gaps.
The price dynamic has led to historically high premiums over hot-rolled coil (HRC) prices. Presently, plate prices are more than double the tags for HRC, pushing premiums roughly four times higher than the historic average.
