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    October 1, 2021

    CRU: Price Declines Outside of the USA Accelerate

    Written by Ryan McKinley

    By CRU Senior Editor Ryan McKinley, from CRU’s Steel Sheet Products Monitor

    Sheet prices outside of the USA fell markedly this week as demand declines and inventories build. The largest of these declines occurred in Europe, as lower-priced imports forced Italian domestic prices to fall below the €1,000 /t mark for the first time since May. German domestic prices were also down notably w/w. Expectations that prices will fall further in southeast Asia, amid yet more competitive offers from Russian producers, caused domestic prices to fall despite a spike in coking coal prices. U.S. sheet prices rose w/w, although the spread between transactions is widening and buyers are beginning to decline spot offers as their inventories find balance. In China, prices were stable w/w due to low trading activity ahead of national holidays.

    Ryan McKinley

    Ryan joined CRU in 2018 and is now the editor of the Steel Sheet Monitor. He also forecasts North American prices, production, demand, and trade for sheet and plate products in CRU's Steel Sheet and Plate Market Outlooks. Ryan has eight years of experience in steel market analytics, covering markets from steel metallics, steel long products, stainless steel, and now steel sheet and plate markets. Prior to joining CRU, he covered a variety of local North American scrap markets at Argus Media. He holds a BA in Political Science from Colorado State University in Fort Collins, Colorado, and an MA in Energy Politics in Eurasia from European University located in Saint Petersburg, Russian Federation. Ryan is based in Denver, Colorado.

    Read more from Ryan McKinley

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