HARDI Members Remain Optimistic, Foresee Stability Ahead

Hot rolled and galvanized prices continue to decline but many continue to go unchanged, members said during this month’s call with HARDI’s Sheet Metal/Air Handling Council. Much like July, members are currently seeing strong demand and foresee stability in the near future.

HARDI It’s been an eventful month to say the least. Nucor and Cleveland-Cliffs both announced price hikes, as did NLMK. The spread between hot-rolled and cold-rolled is close to $400 per ton. Labor negotiations are still pending with US Steel and they have upcoming outages scheduled. Overall, HARDI members agree there’s no concern for project cancellations at this time.

Becca Moczygemba

Becca Moczygemba is a reporter and editor for Steel Market Update. She has been in the steel industry since 2017, specializing in flat-rolled products. Prior to joining SMU, she held positions at Mitsui & Co. and Kloeckner Metals. Becca has a BA in Organizational/Corporate Communication from the University of Houston and an MBA from Norwich University. Contact Becca at becca@steelmarketupdate.com or 724-720-1000.

Becca Moczygemba

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