11
Oct
18:47
US Steel lends weight to Nucor sheet hike
Nucor’s leading sheet price hike of $40/short ton has gained support from its integrated rival US Steel, though the majority of the market is still waiting on the sidelines, Kallanish reports.
US Steel’s increase mirrors Nucor’s, though at least one source has suggested that both mills had been planning an increase for some time.
One buy-side source says he views the increase as a stop-gap against further erosion, which may mean limited supp…
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Anonymous
Very good overview of the weekly steel market.
Anonymous