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Global steel market was bearish in March, uncertain outlook for April: TSI

Posted on 08 April 2013

It was a real bear market for steel in March across the globe with both domestic and export demand weak in major producing countries and there are no indications of a major price recovery in April.
In US market, flat steel market was bearish with The Steel Index (TSI) US Mid West (FoB Mill) HR Coil Index up 2.3% to US $618/ton after attaining a high of $622 per ton and declining trend is visible in early April, TSI Monthly Steel Report said. Cold Rolled (CR) coil prices were shaky and remained flat at the end of the month………………………………………..Full Article: Source


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