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    March 16, 2021

    CRU: Global Sheet Prices Set New Record High

    Written by Josh Spoores

    By CRU Principal Analyst Josh Spoores, from CRU’s Steel Sheet Products Monitor

    The current global sheet market cycle is one which continues to reflect a strong demand rebound from the lows associated with various lockdowns in 2020 H1. It seems that in one market after the other, sheet production has failed to catch up with demand from not only consumption but also the rebuild of inventory. In some markets, such as India and Vietnam, domestic supply has been limited as mills are currently busy producing sheet for export to markets such as Europe, Mexico, and the USA.

    Josh Spoores

    Josh Spoores joined CRU in 2012 as Principal Analyst and editor of CRU’s Steel Sheet Monitor and Steel Sheet Market Outlook. During that time, Mr. Spoores forecast prices, demand, production and trade of sheet and plate products for both Canada and the US for CRU's Steel Sheet & Plate Market Outlooks. Today, he heads up steel analysis and forecasting for the Americas region. Prior to joining CRU, he was a Senior Marketing Analyst at Severstal North America, founder of Steel Reality, a forward-looking market analysis firm using a models-based approach for flat rolled and plate steel. He was also the Market Research Manager at Majestic Steel USA, one of the largest flat rolled service centres in the USA. He has a BSc in Business Administration from Bowling Green State University.

    Read more from Josh Spoores

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