US price spread between plate, HRC widening toward all-time highs

The rift between US hot-rolled coil and plate prices continued to widen on June 17 as plate prices have remained remarkably stable while HRC sinks. The plate premium to HRC was at $830/st, its highest level since early March. The spread between the two products hit an all-time high on March 7 of $870/st. Following Russia’s invasion of the Ukraine…

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