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

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December 2019 | North American Steels

After further declines in November, price recovery is likely in December: US Long Product Highlights

Price increases are expected despite short lead times – in some cases less than four weeks – as well as concerns of slower US and global economic growth.

It appears as if US longs product prices have finally reached a floor and are now at the cusp of seeing price improvement, helped by what is expected to be a second consecutive month of scrap price increases and the potential for another scrap increase in January given seasonal factors. Fastmarkets AMM research believes domestic mills will announce modest price increases for most, if not all, long products in December, and that the price hikes will be accepted by the market.

Price increases are expected despite short lead times – in some...


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