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US sheet steel buyers eye rebound, price increase announcements

US flat-rolled steel prices were unchanged, with sources saying this is likely the bottom of the recent downtrend and that an increase in prices will follow. Platts maintained its hot-rolled coil assessment Thursday at $440-450/st and its cold-rolled coil assessment ...

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US sheet steel prices weaken as buyers opt out

The majority of US sheet steel buyers remained on the sidelines Tuesday ahead of the Christmas and New Year holidays, further weighing down prices. At least some buyers, however, were hopeful that a combination of improved first-quarter demand and low ...

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US sheet steel buyers sit tight, debate Q1 price momentum

The US sheet steel market appeared to be entering a holiday holding pattern Wednesday as buyers quietly chewed through their inventories, limited buying and tried to predict what US Steel’s recent pricing move will mean for the first quarter. One ...

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US sheet steel buyers hunting for price direction after Thanksgiving holiday

The US sheet steel market remained stable but sluggish Monday as buyers sought price direction following last week’s Thanksgiving holiday. One buyer said he believes the hot-rolled base price is at or close to bottom at about $630/st. Thickness extras, ...

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