29
Mar
21:49
US sheet market appears to be cooling
US sheet prices appear to be softening again as they make modest dips to $1,000-1,050/short ton for hot rolled coil, down from $1,000-1,150/st. CRC has sunk to $1,180-1,190/st from $1,800-1,200/st, Kallanish learns.
"On the demand side, a change-up in price is the first driver of additional distribution buying. Then, more buying follows as lead times extend. If you call lead times 4-6 weeks in November, and now they are 7-8 weeks, a distributor need…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous