US FLAT PRODUCT STEEL PRICES ESCALATE IN JANUARY
US flat product transaction values
advanced, in January, to halt the negative pressure on steel prices for much of
In December, North American steel mills announced price hikes of up to US$40 per
short ton. Local producers escalated list prices for a second time, this month,
following higher scrap prices.
In January’s edition of the International Steel Review, MEPS reports that higher
transaction values have been noted as customers restock following the seasonal
holidays. Buyers may not accept further increases as delivery lead times remain
In China, flat products selling values strengthened in early January as major
producers announced increases. However, domestic transaction values softened
recently as the Lunar New Year approaches.
High import penetration of Chinese exports have put further negative pressure on
domestic South Korean transaction prices.
In Poland, selling figures stabilised, this month, despite market activity
remaining muted following the Christmas holidays. In contrast, Czech/Slovak
transaction values fell further as local producers offered discounted prices to
Steel Review - January Issue
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