International Steel Prices
August 14, 2020
CRU: U.S. Sheet Price Rebound Looks Imminent
Written by Tim Triplett
By CRU Prices Analyst George Pearson, from CRU’s Steel Monitor
Sheet prices in the U.S. Midwest market were led lower by declines in HR and CR coil. The price of HR coil is now back down to the low reached in early May, though market participants have noted that low priced offers have become scarce. We expect that prices will rebound rapidly as lead times appear to have extended. Furthermore, lower contract prices will lend additional support to mill order books and lead times through September.
