27
Sep
19:50
Historically high US sheet prices may be peaking
Historically high US sheet prices may be reaching their peak, as attractive import offers come in and two producers announce major capacity additions.
Kallanish is keeping its weekly hot-rolled price at $1,940-1,960/short ton and cold-rolled at $2,150-2,200/st, ex-works, domestic mill.
“The market in general right now feels like it has reached a bit of a plateau,” a top-tier US mill source tells Kallanish. “Most conversations right now are seem…
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Anonymous
Very good overview of the weekly steel market.
Anonymous