Will US HSS prices continue to climb?

Wednesday, 10 February 2021 23:12:15 (GMT+3)   |   San Diego
       

US domestic HSS prices have held steady since our last report a week ago, but sources close to SteelOrbis say believe that mills “might try for one more increase before everything is said and done.”

“We’re hearing that scrap will come up again next month, and flat rolled steel prices are still very strong,” a source said. “I wouldn’t be surprised if mills announced another increase so they could get prices as high as they can before things start to swing in the other direction.”

For now, prices are stable, and continue to trend in the range of $74-$75 cwt. ($1,631-$1,653/mt or $1,480-$1,500/nt), FOB mill.


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