Economy
March 31, 2019
April at a Glance
Written by Brett Linton
April saw steel prices lose momentum as hot rolled dipped to an average of $662, cold rolled to $803 and galvanized G90 to less than $900 per ton. Even plate, which has been in tight supply, has now moderated to around $964 per ton from prices near or above $1,000 earlier in the year.
Steel Market Update has moved its Price Momentum Indicator to Lower, meaning prices are likely to decline over the next 30 days. Steel Buyers Sentiment has waned slightly along with prices in the past few months as uncertainty over tariffs and trade continues to weigh on the market.
