20
Feb
15:53
Nucor leads new sheet price push
US steelmaker Nucor has upped its sheet prices by $30/short ton, which may herald a new round of industry-wide gains, Kallanish understands.
The increase is undergirded by both anticipated March scrap prices and strengthening demand, according to market sources.
Prior to the increase, Kallanish had hot-rolled sheet at $620-650/st and cold-rolled at $840-870/st, though at least one buy-side source says some deals may still be available for substantial volume n…
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Anonymous
Very good overview of the weekly steel market.
Anonymous