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29 Mar

US sheet market appears to be cooling

US sheet prices appear to be softening again as they make modest dips to $1,000-1,050/short ton for hot rolled coil, down from $1,000-1,150/st. CRC has sunk to $1,180-1,190/st from $1,800-1,200/st, Kallanish learns. "On the demand side, a change-up in price is the first driver of additional distribution buying. Then, more buying follows as lead times extend. If you call lead times 4-6 weeks in November, and now they are 7-8 weeks, a distributor need…
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