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06 Apr

US sheet prices moderate

Sheet prices appear to be moderating in the US market with inventories and demand maintaining at healthy levels. Despite the recent opening of mills’ May order books, purchases have been slow as buyers are tending to source only what they need and are not anticipating a further run up in prices. Hot rolled coil prices are reported this week at $1,400-1,500/short ton, ex-works mill, for spot orders. The higher end of the range moved up by $50/st from last we…
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