| Flat steel prices rose in Europe and US markets with bullish sentiments prevailing after the Christmas and New Year Break in the month of January 2012, according to a monthly review of steel market by The Steel Index.
Hot Rolled Coil (HRC) prices consolidated at current levels of US $730-750 a shrot ton after witnessing a rise of US $41 per s.ton in the first two weeks of January. Cold Rolled Steel (CRC) steel prices rose by $30 a s.ton in the same period, TSI review said. Severstal NA and Nucor prices for HRC rose to US $770 per short ton signaling a rising trend in the beginning of the year...............................................Full Article: Source
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