International Steel Prices
June 13, 2021
CRU: Global Sheet Prices Have Now Fallen in Most Regions
Written by Ryan McKinley
By CRU Senior Analyst Ryan McKinley, from CRU’s Steel Sheet Products Monitor
Sheet prices in northern Europe, like in other areas of the world, have begun to decline – although prices in the USA have yet to follow this trend. Still, it appears that this upward trend in the U.S. market is nearing an end. Although domestic prices in Europe have fallen slightly this week, they are still relatively expensive compared to imports even when factoring in applicable duties, and domestic prices in the USA are also well above those internationally. In China and Southeast Asia, prices rose w/w amid speculation that the Chinese government will introduce production restrictions, although seasonally weak demand in India has weighed on pricing there.
