Analysis
November 7, 2013
Final Thoughts
Written by John Packard
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Domestic raw steel production has strengthened since the start of the year and reached a four-year high in mid-February.
Nucor HRC spot price tops $1,000/ton
Nucor’s consumer spot price (CSP) for hot-rolled coil increased to $1,005 per short ton (st), up $15/st from last week.
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Leibowitz: Tariffs, war, and the blurry limits of presidential power
Tariff-related litigation in the US and around the world reflects the willingness of the president to act without consulting Congress or our trading partners. We're seeing the impulse to act without congressional approval in international relations too.
Sheet prices and demand tick upward
Sources in the domestic hot- and cold-rolled coil market said they are beginning to feel prices creeping up this week.