International Steel Prices
February 14, 2019
CRU: Global Sheet Prices Start to Turn Higher, Iron Ore to Add On
Written by Tim Triplett
Editor’s note: The following is excerpted from the Feb. 13 CRU Steel Sheet Monitor; editing by CRU Principal Analyst Josh Spoores.
In our Steel Sheet Products Monitor last month, we asked if the market was near an inflection point. That report was published on the sixth working day of the year and, at that point, global sheet prices were consistently lower in all regions from December. It is now five weeks later, and current data suggests that most markets have reached a price bottom, or they are about to.
