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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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July 2019 | Steel Forecaster


US mills announce new hikes but price rises will be hard to achieve: International Flat Product Market Analysis


One of the factors supporting stronger prices has been a decline in steel output.

On July 9, US steel producers announced a new round of price increases, raising their coil offers by $40 per short ton ($44 per tonne). This is the second hike in less than a month, when mills succeeded not only in establishing a price floor, but also in pushing though some of the increase, and the US HRC index climbed from the low of $563 per tonne on June 21 to $599 on July 8. Canadian steel producers followed the lead of their US counterparts, announcing similar hikes, indicating that they are not aiming to undercut US mills with lower prices after Section 232 tariffs were...

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