International Steel Prices
August 1, 2019
CRU: Steel Prices in U.S. Ignore Global Downtrend
Written by Tim Triplett
By CRU Principal Analyst Josh Spoores
Sheet prices in the U.S. have continued to rise as both buyers and sellers have reported higher transactions. Overall volume reported has been steady over the past few weeks and near 2019 average levels. The overall price range remains wide, around $50 /s.ton. We anticipate that prices will continue to rise from current levels, though discounted monthly contracts will eventually weaken the resale market.
