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13 Apr

US sheet market cools

Rising prices in the US sheet market are cooling as the market adjusts to current realities and a possible slowdown in demand. While mills are reported to be asking as much as $1,500/short ton for hot rolled coil and $1,900/st for cold rolled for May orders, several buyers report little buying activity at these levels. Kallanish’s weekly HRC price assessment is flat this week at $1,400-1,500/st, ex-works mill. This is the first week since early March that sā€¦
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