Steel plate prices in the United States retreated after ferrous scrap indicators were lower and buyers demonstrated a reluctance to stock up in the face of price hikes in the new year.
Fastmarkets' weekly price assessment for steel cut-to-length plate carbon grade, fob mill US weakened to $31 per hundredweight ($620 per short ton) on Friday February 7 from $32 per cwt on January 31 - the first decline in the price since early November, when it dipped to $30 per cwt before mill price increases went into effect."I don't know of anybody doing that right now. I'd be afraid...