The Raw Steels Monthly Metals Index (MMI) fell by 2.34% from November to December. Ultimately, U.S. steel prices remain decidedly bearish. Meanwhile, hot rolled coil prices saw the most substantial decline, falling 12.6% month over month. Plate prices, on the other hand, mainly remained sideways but continued to edge slowly downward with a 2.9% decline. […]
Tag: HRC prices
High demand for HRC, low availability prompt Western Europe mills to seek price hikes
HRC mills in Western Europe continue to seek higher prices for hot rolled coil on high local demand and low availability, traders told MetalMiner. End users are also trying to hedge their positions because November and December are the two months when they build up stocks before year’s end, traders said. Cut-to-length adders. Width and […]