16
Nov
18:05
US sheet increase gains support
Nucor and AK Steel have lent their support to the latest sheet increase with hikes of $40/short ton, Kallanish learns from company letters.
The flat base price increases support similar moves by ArcelorMittal and others establishing a floor of $560/st for hot-rolled coil and $780/st for cold-rolled coil.
The increases are effective immediately, and Nucor reserves the right to requote any outstanding orders that have yet to be confirmed.
Prior to the increa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous