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US steel sheet market continues to see offer prices creeping up

Posted on 24 April 2014

The US steel sheet market continued to report offers from producers above published minimum base prices, as mills look to keep upward pressure on pricing amid supply tightness. Buy-side sources reported higher offers from multiple mills for both hot-rolled and cold-rolled coil, with one Midwest buyer having been offered 450 st of HRC for June delivery at $710/st from an integrated producer.
The buyer, however, noted that another major integrated producer in the region had yet to start offering above the published minimum base price of $685/st. The buyer also said that in the last three weeks the book price has been almost same, regardless of volume………………………………………..Full Article: Source


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