10
Jan
20:56
US sheet market proceeds with caution
Hot rolled coil prices fell further last week in the US market with buyers holding off on purchases as long as possible and mills scrambling to find orders.
“Domestic pricing is on the express elevator down,” one West Coast buyer comments.
HRC spot prices have fallen to $1,475-1,525/short ton, ex-works domestic mill, Kallanish hears from market sources. Prices are now down roughly 30% from September’s all-time high of $1,960/st.
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Anonymous
Very good overview of the weekly steel market.
Anonymous