| US steel sheet prices continued to erode Monday as mills attempted to resist losing any more ground. Platts lowered its daily hot-rolled and cold-rolled assessments to $390-$400/st and $520-$530/st from $390-$410/st and $520-$540/st, respectively. All prices are normalized to a Midwest (Indiana) ex-works basis.
One buyer said mills were still quoting $530/st on CRC if you asked them, but they don't anticipate generating many orders at that price. He said the $500/st level for CRC can be broken, but it takes more significant volume and effort...............................................Full Article: Source
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