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    Final Thoughts

    Final Thoughts

    Written by Michael Cowden


    Flat-rolled steel prices continue to fall, but the market participants I spoke to today were taking the news in stride.

    SMU’s average hot-rolled coil price now stands at $1,480 per ton ($74 per cwt), down $55 per ton from $1,535 per ton a week ago and down $475 per ton from a 2021 high – recorded in September – of $1,955 per ton.

    Michael Cowden

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