International Steel Prices
November 3, 2020
CRU: Longs Prices Rise as Demand Outpaces Supply in Some Regions
Written by James Campbell
By CRU Principal Analyst James Campbell, from CRU’s Long Products Monitor
Most long product prices around the world increased this month as the recovery in demand continues. For some markets and products, the increase in supply has been outpaced by demand. Wire rod remains the strongest product right now as the increase in construction activity combines with better manufacturing activity. Demand in China has been strong after the national holidays, although there is a risk of oversupply
