04
Mar
15:17
US sheet increase gains steam and support
The $30/short ton sheet increase announced Thursday by Nucor and subsequently supported by AK Steel, ArcelorMittal and NLMK is likely to find broad-based support in the US. Producers and buyers alike are seeking to jolt sheet out of the doldrums, Kallanish understands.
One service centre executive says “… all will follow” with regard to the increases, which are ostensibly effective immediately for all new orders.
Kallanish currently puts ho…
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Anonymous
Very good overview of the weekly steel market.
Anonymous