Market Update
Scrap expected to increase in January by $20/ton. #1 Busheling is at $275 as of December 13. Mill lead-times pushing into end of January and early February. On December 13, Mittal announced a $40/ton price increase. On December 16, Nucor announced an increase of $40/ton, placing hot-roll coil base at $640/ton. We hear that service […]
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