Analysis
December 14, 2021
Final Thoughts
Written by Michael Cowden
Steel prices fell hard again this week. While the absolute numbers – down $60 per ton ($3 per cwt) on hot-rolled coil – might appear shocking at first glance, one could make the case that we’re being conservative.
The development shouldn’t have come as a surprise to those who lived through past ups and downs. HRC prices went up $70 per ton week-over-week in early January of this year. It shouldn’t be a stunning development that they can also fall by a similar amount.
