16
Nov
16:57
New US sheet hike shows promise
A new push for higher US sheet base prices may be at least partially successful, despite its odd timing, Kallanish learns from market sources.
The $30/short ton increase spearheaded by Nucor comes on the heels of a $40/st increase implemented in mid October.
“Here, I think lead-times have moved out following the first round increases and mills have some time to see if they can get higher prices for January delivery,” says one buy-side source. &ldq…
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Anonymous
Very good overview of the weekly steel market.
Anonymous