On July 23, the American Metal Market (AMM) reported, “U.S. Steel has joined a parade of domestic mills announcing a third round of flat-rolled steel price increases in less than a month.” This will affect domestic pricing for carbon and galvanized sheet and plate.
U.S. Steel followed ArcelorMittal and Nucor in raising their flat-rolled steel prices for the third time in the last month. Rising domestic scrap prices have been a major reason mills are pushing increases.
Market participants have reported mill times leading into September. A continued rise in HRC pricing could be supported by long lead times, rising scrap futures, limited imports and domestic mills reducing capacity.
Ace Steel Supply works hard to read the steel market so we can offer a stable supply of what you need. Consider a stocking program with us for even more benefits (like Samsara) to your business.
Working Hard To Serve The Houston Metal Market
Ace Steel Supply works hard to read the steel market so we can offer a stable supply of what you need. Consider looking at a stocking program with us for even more benefits to your business.
When you’re ready to save time, money and make your steel buying easier, give us a call.
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