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    CRU

    January 15, 2021

    CRU: Sheet Loses Upward Momentum on Absent China

    Written by George Pearson

    By CRU Prices Analyst George Pearson, from CRU’s Steel Sheet Products Monitor

    U.S. sheet prices have continued to increase, but this week is the lowest w/w rise since the uptrend started. In Europe, HR prices have fallen, albeit marginally, for the first time since October last year. Although we believe prices are at or near their peak, plateaus or falls in Europe and Asia are partly a result of reduced trading activity during the Chinese New Year. From this week our commentary also includes India, which plays an important role as both an importer and exporter, selling primarily to Asia, the Middle East and Europe.

    George Pearson

    Read more from George Pearson

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