Overseas
August 6, 2020
CRU: Chinese HR Coil Reaches 22-Month High
Written by George Pearson
By CRU Prices Analyst George Pearson, from CRU’s Steel Monitor.
The U.S. Midwest sheet market was somewhat mixed this week as prices for both HR and HDG coil fell w/w, while CR coil rose by $3 /s.ton. The price of HR coil fell $5 /s.ton w/w and is at its lowest level since the prior bottom at the beginning of this past May. Market participants continue to talk about a potential increase. However, supply is rising from numerous furnace restarts.
