International Steel Prices
July 11, 2019
CRU: Production Cuts Fail to Stem Price Falls
Written by Tim Triplett
By CRU Principal Analyst Josh Spoores
Sheet price movements have varied across the major markets since mid-June. There were slight gains in China and South East Asia, while prices in Europe were primarily steady m/m. However, for all other markets including North & South America, CIS, India and Japan, prices were lower by 3-9 percent m/m. This downward trend was also reflected in slab prices with declines of $10-$40 /t m/m, the largest of which from Brazilian producers.
