22
Feb
19:07
US sheet increases sink in, buyers question longevity
US sheet prices appear to be ticking up, though buyers are questioning mill rationale.
A source at one top-tier mill says he is collecting $1,000/short ton hot-rolled order, plus extras and freight.
The latest round of increases was spearheaded by Nucor and then followed by Cleveland-Cliffs. The general increase resulted in a $100/st spot push for hot rolled, cold rolled, and coated products with a minimum base price of $1,000/st set for hot rolled.&n…
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Anonymous
Very good overview of the weekly steel market.
Anonymous