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10 Jun

Nucor decreases published HRC price by $60/st

Nucor has slashed its weekly published spot price for hot rolled coil, dropping the number by $60/short ton to $720/st on Monday. Kallanish hears that a slowdown in downstream demand is intensifying. Market participants report that domestic coil mills lowered their offer prices towards the end of last week in an effort to spur orders. The last time that Nucor discounted its published spot price so dramatically was in early May, when it announced a $65/st decreas…
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