Low Steel Prices, Imports are Leading to Domestic Producer Cutbacks

by on

Large volumes of steel imports, together with collapsing oil prices, led to cuts in US domestic steel production this week.

Free Download: Save On International Iron Ore Trades

Steel scrap was flat for the week although there’s little optimism that its big fall will be reversed soon. Morningstar also joined other analysts in predicting another difficult year for steel prices.

 

{Comments Off on Low Steel Prices, Imports are Leading to Domestic Producer Cutbacks Comments Off on Low Steel Prices, Imports are Leading to Domestic Producer Cutbacks}