Research

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

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February 2020 | North American Steels


US sheet steelmakers’ run of consecutive price increases spanning from October to January has come to an end: Latest Analysis


Excess domestic steel supply, declining scrap costs, and disappointing demand from end users disrupted the success of domestic mills’ fifth sheet price increase, announced in early January.

This month’s key North American steel forecast highlights:

US sheet steelmakers’ run of consecutive price increases spanning from October to January has come to an end, with prices peaking in mid-January before retreating in recent weeks. After reaching a mid-January high of $618/ton, US HRC prices slipped around $30/ton to $580-590/ton in early February. Excess domestic steel supply, declining scrap costs, and disappointing demand from end users disrupted the success of domestic mills’ fifth...

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