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

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December 2019 | North American Steels


US sheet prices enjoy gains, but increases now capping Q1 2020 pricing potential: US Flat Product Highlights


Mirroring the mid-year pricing moves, the initial $40/ton price increase announced in late October helped the ailing sheet market to find a much-needed floor.

Lending a rising sense of déjà vu to the US steel market, domestic steel mills have again announced three sheet price hikes in the span of a month, eerily similar to their behavior in the June/July period earlier this year. While the mid-year price moves consisted of three $40/ton sheet price hikes, totaling $120/ton over the course of a month, the latest round of price hikes has seen mills announce two consecutive $40/ton price increases, followed by a third $30/ton price hike, for a total of $110/ton in price increases in a month.

Mirroring the mid-year pricing moves, the initial $40/ton price increase announced in late October helped the ailing sheet market to find a much-needed floor. The second $40/ton price hike announced in early November, helped to secure the floor, and lift prices off the bottom, with prices improving to...

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