US hot rolled coil prices are taking a leap this week to $1,000-1,050/short ton from $880-910/st last week, and cold rolled coil transaction prices have risen to $1,170-1,190/st from $1,050-1,150/st, Kallanish reports.
Nucor and US Steel increased hot rolled coil sheet prices in correlation with seasonal demand increases for the first quarter of 2024 (see Kallanish 28 November).
“They are trying to establish a base that fits their production forecast,"…
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