Market sources are offering up a variety of theories as to which direction the US hot rolled market is headed.
As previously reported by Kallanish, Nucor raised prices by $50/short ton. It is unclear whether other mills intend to follow the increase.
“Everything in the market would signal prices still have much room to fall – large buyers paying mid $700s for HRC. There is a potential catalyst for higher prices with strike-related outages in Canada …
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