COLD ROLLED COIL US buyers have agreed to pay $US50 per tonne more for their February deliveries. Supply in the general market is tight and the carmakers are still very active. However, the primary driver of the positive price development has been hardening scrap costs. In Canada, most mills are quoting early/mid April for new orders. Real consumption, with the exception [...]
No Comments. Continue Reading...HOT ROLLED COIL US steelmakers report good order books but some buyers, sensing that transaction figures may be nearing the peak, have become more cautious recently. Today’s prices are 7.6 percent above the January numbers with delivery lead times into late March. There may be further advances in the short term. Currently, Canadian mill delivery [...]
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