22
Oct
19:27
US pipe inventories low, buyers wait on HRC
With skelp prices weakening in the US market, pipe buyers are waiting to see just how far prices could fall. The energy tubulars market continues to be supported by low inventories and slowing imports.
Inventories have been shrinking at the distribution level as buyers speculate that historically high HRC prices will have to come down soon. Hot-rolled coil prices, at $1,920-1940/short ton last week, are just starting to show signs of softening, but at least some b…
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Anonymous
Very good overview of the weekly steel market.
Anonymous