09
Jan
17:25
US sheet mills push for higher base prices
US sheet mills have advanced a new $40/short ton base price hike due to raw material pressure and improving order books, Kallanish learns from market sources.
US Steel, AK Steel, ArcelorMittal and Steel Dynamics Inc have all increased base prices by $40/st, creating an effective minimum hot-rolled base price of $640/st. Nucor, NLMK USA and other major players are expected to follow shortly.
Prior to the increase, Kallanish put hot-rolled at $600-620/st and co…
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Anonymous
Very good overview of the weekly steel market.
Anonymous