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28 Nov

US sheet mills raise prices

US sheet mills, including Cleveland-Cliffs and US Steel, confirmed on 28 November that they would be increasing prices on hot rolled, cold rolled and coated steel products. Cleveland-Cliffs announced that prices would go up by $60/short ton, effective immediately. Sources say US Steel has increased prices to $680-700/st for hot rolled coil and $950/st for cold rolled coil. Kallanish currently puts HRC at $630-645/st CRC at $880-900/st.  A buy…
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