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28 Feb

Sheet prices continue to sink in US

US hot and cold rolled coil prices continue to decrease, losing ground from the steep hikes issued by mills at the end of 2023 and into January, Kallanish hears from market participants.  HRC prices are transacting within the range of $800-900/short ton, down from $900-920/st last week. Sources comment that more decreases are in store. A midwestern service centre operator fears that nothing in the market is very promising, making it feel like the end of the…
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