By Vibin Antony
US HR coil prices remained on a downward trend and the prices finished last week at $454 a short ton FOB Midwest mill, while stainless steel scrap prices on Scrap Register Price Index continued to remain flat.
According to the Steel Index, US HRC prices continued to decline by $7 a short ton to $454 a short ton in the week ended April 03 as Midwest buyers continued to obtain discounts in a quiet market.
More transactions were recorded close to the $450 a short ton mark, as larger volume deals commanded lower prices.
Whilst some market participants were pondering if reportedly improved mills’ order books and production outages brought us closer to the price floor, buyers still seem to be able to obtain discounts amid competing mills’ offers.
However, the prices of major stainless steel scrap commodities like 201 SS, 301 SS, 309 SS, 310 SS and 330 SS were unchanged on Scrap Register US Price Index during last week.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
US HR coil prices remained on a downward trend and the prices finished last week at $454 a short ton FOB Midwest mill, while stainless steel scrap prices on Scrap Register Price Index continued to remain flat.
According to the Steel Index, US HRC prices continued to decline by $7 a short ton to $454 a short ton in the week ended April 03 as Midwest buyers continued to obtain discounts in a quiet market.
More transactions were recorded close to the $450 a short ton mark, as larger volume deals commanded lower prices.
Whilst some market participants were pondering if reportedly improved mills’ order books and production outages brought us closer to the price floor, buyers still seem to be able to obtain discounts amid competing mills’ offers.
However, the prices of major stainless steel scrap commodities like 201 SS, 301 SS, 309 SS, 310 SS and 330 SS were unchanged on Scrap Register US Price Index during last week.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
No comments:
Post a Comment