13
Dec
21:25
US sheet prices make modest gains on-week
US hot rolled coil is now pegged at $690-710/short ton, up from last week when HRC topped off at $705/st. Cold rolled coil ranges between $870-950/st, an increase from last week’s $860-940/st.
Cleveland-Cliffs issued another price increase on 13 December, stating that new orders of HRC would start at $750/st. However, most sources in the market are not currently paying for HRC at this price point, Kallanish understands.
“I believe a few mill ord…
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Anonymous
Very good overview of the weekly steel market.
Anonymous