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24 May

US sheet prices remain flat on week

After a drop last week to $1,000-1,100/short ton, hot rolled coil prices have held on-week, Kallanish understands. Cold rolled coil prices continued to transact in the range of $1,250-1,300/st. “Here is the interesting thing: our order book so far month-to-date through 23 days is more than double-digit percent higher than April. Even with the spot slowdown, contract business is good. Demand is not slow enough to drive a massive slowdown,” one mill…
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