Steel Products Prices North America
November 2, 2019
CRU: U.S. Longs Prices Near Floor as Buyers Return and Scrap Firms
Written by Ryan McKinley
By CRU Senior Analyst Ryan McKinley
The rate of decline for U.S. domestic longs product prices is decelerating as steel buyers slowly return to the market and scrap market sentiment firms. Although not low, inventory levels have worked through enough for buyers to re-enter the market and conduct seasonal restocking. Still, domestic prices and demand remain subdued enough to push import levels lower (see chart).
