Research

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

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February 2020 | North American Steels


Long product prices move up in January, with stable to higher prices expected in Q1 2020: US Long Product Highlights


It appears that nonresidential and public works construction will continue make at least modest gains with the American Institute of Architects’ Architecture Billings Index moving up for the third consecutive month in December to 52.5 points.

US long product prices continued to bump up in January with brisk order activity enabling domestic mills to collect much of their recently announced price hikes. Not only has the mild winter been supportive of demand from the construction sector, but service centers and OEMs alike have been more willing to at least modestly restock their shelves in this rising price environment that was supported by yet another hike in ferrous scrap prices in January.

It appears that nonresidential and public works construction will continue make at least modest gains with the American Institute of Architects’...

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