Overseas
December 5, 2019
CRU: Sheet Prices Increase in All Regions for a Third Week
Written by George Pearson
By CRU Prices Analyst George Pearson, from CRU’s Steel Sheet Products Monitor
Sheet prices in the U.S. have risen at a strong rate, yet the underlying volume behind the prices is near the lowest level for the year. This low volume may be attributed to the holiday-shortened week, but more likely it reflects the fact that buyers loaded up on orders when sheet prices were significantly lower than today. For HR coil, the majority of data points were $540-$550 /s.ton, yet the highs and lows were widespread at around +/- $50 /s.ton.
