09
Mar
20:50
HRC pricing turns higher in US
The direction of sheet pricing in the US market is rapidly changing along with global trade patterns due to sanctions against Russia for its ongoing war in Ukraine. A bottom appears to have been reached in US hot rolled coil pricing, with mills pushing for increases as they face higher raw material costs and potential shortages.
HRC prices had been declining drastically, falling by nearly $1,000/st from September’s peak to as low as $1,000/st last week. The …
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Anonymous
Very good overview of the weekly steel market.
Anonymous