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US sheet prices have yet to hit bottom despite consistent on-week drops. Hotrolled coil decreased this week to $630-645/short ton from the previous week, when it was listed at $665-690/st, and coldrolled coil dropped to $880-900/st from $945-960/st. One service centre source explains: "The bottom line is nobody is buying. The mills cannot be trusted, and they are generating their own bad market. They keep making deals and reducing, and its to their own …
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