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The decline in US sheet prices may be at or near a bottom as the market contemplates potential raw material shortages and higher pricing resulting from the ripples extending from Russia’s invasion of Ukraine. The slide in US hot rolled coil prices has slowed, with this week seeing a decline of $20/short ton. Spot prices are now $1,000-1,080/st, ex-works mill. Several mills have already announced $50/st price increases for April and the market is anticipating…
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