July 2019 | North American Steels
The downward pricing spiral in US flat product pricing persisted in June: Latest Analysis
Sheet prices showed stability following the initial price hike, with Nucor quickly announcing a second $40/ton sheet price hike on July 9.
This months key North American steel forecast highlights:
The downward pricing spiral in US flat product pricing persisted in June, as expected, with sheet and plate prices plunging $60-85/ton, depending on the product. With domestic HR prices slipping to $510/ton over the course of the month, US steelmakers moved to halt the price deterioration, with Nucor announcing a $40/ton sheet price hike in late June.
Sheet prices showed stability following the initial price hike, with...
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