International Steel Prices
November 14, 2019
CRU: Global Sheet Prices Fall More, But an Uptrend is at Hand
Written by Josh Spoores
By Principal Analyst Josh Spoores, from CRU’s Steel Sheet Products Monitor
Global sheet prices remain in a downtrend for November, though are starting to recover in some markets. Overall, CRU’s Global Flat Products Price Indicator (CRUspi flats) fell 3.3 percent m/m in November to 137.7, the lowest level recorded since October 2016. This indicator of global sheet prices is down 22.5 percent y/y. Price fell across most regions, with declines in Asia, Europe and North America featuring as key components of the CRUspi flats.
