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    CRU

    July 11, 2025

    CRU: Q3 will be the lowest point in current sheet price cycle

    Written by Shankhadeep Mukherjee

    In most parts of the world, CRU is expecting a restocking cycle due to either low inventories or seasonally stronger demand, which will support prices generally upwards as we move through the next few months. India, however, is going to remain an outlier.

    US sheet prices will remain range-bound in August and before increasing marginally in September and October. This increase will come from seasonally stronger demand while service centers have worked down excess inventories built in H1’25.

    Shankhadeep Mukherjee

    Shankhadeep Mukherjee is a principal analyst at CRU.

    Read more from Shankhadeep Mukherjee

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