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22 Sep

US sheet demand, supply picture muddles pricing

US hot and cold rolled prices appear to have steadily decreased since the spring. In the week of 17 March, HRC ranged from $1,250-1,300/short ton and CRC ranged from $3,000-3,200/st compared to this week’s range of $790-820/st and $1,190-1,200/st. “I think the demand for flat rolled products is deteriorating and mills have been fighting to create balance with reducing output. Mills have been successful in keeping most transactions at the higher end. H…
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