21
Mar
01:46
Macquarie foresees lower US HRC prices in Q2
Macquarie foresees US HRC to average $790/tonne in the second quarter amid increased capacity, Kallanish notes.
The research house says in a report that the forecast implies that spot prices continue to fall from current levels.
While producers have acted with restraint in regard to increasing their capacity utilisation, it says new capacity in 2024 will likely weigh on prices.
US HRC prices have fallen substantially so far this quarter, with the spot index now …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous