12
Apr
18:39
US sheet prices remain firm
US sheet prices are not budging this week. Hot rolled coil is not rising despite the $1,300/short ton spot price named in a recent Cleveland-Cliffs price adjustment.
“It’s possible that mills are attempting to push price index numbers up. However, if they quote an uncompetitive number, they’ll adjust it to get what they need,” a service centre source explains. "Too many manufacturers that are very slow; this will not help Cliffs with …
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Anonymous
Very good overview of the weekly steel market.
Anonymous