25
Aug
20:44
Market sources respond to US sheet hikes
As previously reported by Kallanish, Cleveland-Cliffs increased its prices on hot and cold rolled coil sheets by $75/short ton effective immediately as of 25 August. This increase follows Nucor's $50/st hike earlier this month.
An unrelated mill source believes that the increases may spur increased buying in the near-term.
“We always evaluate our price position based on our own order book and production dynamics. After recent industry discussions a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous