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06 Sep

US sheet prices decline amid shifting market factors

US prices of hot and cold rolled coil decreased this week as attention shifts towards the near-term impact of a United Autoworker strike, the sale of US Steel, and buyers’ belief that prices will drop again, Kallanish notes. Hot rolled coil is at $700-720/short ton, down from $790-820/st last week, while cold rolled coil is now at $950-1,000/st, down from $1,000-1,010/st. “It feels like a fishing exercise by some looking for ultra-low-priced stee…
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