22
Feb
17:57
AK Steel supports sheet hike
US integrated steel producer AK Steel has joined the push for higher sheet base prices, Kallanish reports.
The $30/short ton increase was initiated by Nucor and then joined by fellow minimill producers NLMK USA and Northstar Bluescope.
Market sources speculated that the increase was an attempt by minimill producers to recoup ground lost when they cut certain deals to pad their order books. An expected uptick in March scrap and the fatter order books undergird…
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Anonymous
Very good overview of the weekly steel market.
Anonymous