A reminder to our readers that we will not be publishing our Steel Market Update newsletter on Sunday due to the Easter Holiday. We will go back to our normal publishing schedule on Tuesday, April 7th. Our offices will be open on Friday and Monday and we can be reached at: 800-432-3475 or by email: info@SteelMarketUpdate.com.
We will begin our early April flat rolled steel market analysis beginning on Monday, April 6th. Look for your invitation to participate around 8 AM ET on Monday.
Our scrap sources are advising us that scrap pricing in Chicago should move sideways on all products. Busheling may drop $5 in Detroit. On the east coast we have heard of trades down $10, sideways and up a few dollars. Bottom line there shouldn’t be any major move one way or another on scrap pricing for the month of April.
We have heard hot rolled import price offers may have pierced through $400 per ton, CFR USA Port. If you have received recent foreign offers please let me know what you are seeing out of your suppliers. I can be reached at: John@SteelMarketUpdate.com.
I will keep it simple this evening. Everyone enjoy the weekend and I will speak to you again on Tuesday.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
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