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    CRU: Asian Sheet Prices Pause, But USA and Europe Rise Again

    Written by George Pearson


    By CRU Prices Analyst George Pearson, from CRU’s Steel Sheet Products Monitor 21

    Sheet prices in China and the Vietnamese import market paused this week as buyers slowed their pace of restocking. European prices continued to rise very sharply by historical standards, particularly for CR and HDG coil, for which the material shortage has become worse. In the USA prices are still also going up, despite being far above other regions.

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    CRU: Global finished steel prices diverge, US the rare bright spot

    CRU: Global finished steel prices have diverged in August, with longs softening while sheet and plate firmed in most regions. Weak construction demand persisted across most longs markets, with the US the notable exception. Higher sheet prices were driven by tightening supply in the US and reduced import attractiveness in Europe, even as APAC sheet prices declined. Plate prices were mostly firmer across APAC, stable to down in Europe, and continued climbing in the US.