US plate pricing appears to be moving up in response to the latest round of mill increases, Kallanish hears from market sources.

Kallanish increased its plate assessment Monday to $820-840/short ton. All prices are ex-works, domestic mill.

Earlier this month, US plate producers announced a $40/st increase, echoing the three such increases announced by sheet producers.

“Plate has moved up between $20-40/st and seems to be sticking,” says one buy-side source. “With an increase of scrap prices, upcoming planned outages and low service centre inventories, another hike is on the way. It may happen this week.”