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26 Jul
21:31

US sheet prices unchanged, continue resisting mill hikes

Prices of hot and cold rolled coils remained fixed in their respective ranges of $870-890/short ton and $1,190-1,200/st, reflecting no change from the prior week, Kallanish understands. “Bigger spot buyers and much, much bigger spot buyers are purchasing at discounts to contract rates,” says a midwestern distributor. Whilst particular mills set minimums for HRC between $900-950/st, sources agree that most transactions are not within that range a…
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