Kallanish Steel Weekly: North American coil prices hold firm despite global correction

Kallanish Steel Weekly: North American coil prices hold firm despite global correction (Aug. 31, 2021)

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Despite a relatively slow end to the summer holiday season, US sheet prices remain robust - and market sources don’t expect them to cool off in the summer. All over the world coil prices are trending downward, but the US market is currently not expected to be following this negative trend.

“Prices continued to hold their ground, as our average hot-rolled coil transactions were slightly north of $1,900/short ton last week. Cold-rolled and hot-dipped galvanized were seen in a larger range of $2,100/st to as high as $2,200/st on some small transactions,” says a source at one top-tier mill.

He adds that relatively thin inventories throughout the sheet supply chain mean pricing should be insulated from any major near-term shifts.

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Kallanish Steel Weekly: North American coil prices hold firm despite global correction (Aug. 31, 2021)

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