29
Nov
20:30
US buyers expect further softening in HRC
Hot rolled coil prices continue to soften in the US market, with harsher declines expected in the coming weeks.
Backlogs are dropping at steel mills as buyers sit on the sidelines to see just how far the price will drop.
Some contract buyers have yet to find workable deals for 2022 contracts, Kallanish hears, and they “are really showing no concern with finishing out fourth quarter volumes,” according to one Midwest service centre.
Another Midwest bu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous