19
Jun
18:59
US sheet market observers predict low, narrow pricing
Near-to-medium term price expectations for US hot-rolled appear both dire and persistent, Kallanish learns from market sources.
“With all the capacity and new imports from Canada and Mexico without the higher duties, I say this is the new normal – between $500-600/short ton for hot-rolled,” says a long-time market observer.
Other sheet buyers have expressed a similar sentiment, with even the rosiest predictions for a turnaround coming in mid…
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Anonymous
Very good overview of the weekly steel market.
Anonymous