As we have now entered week six of rising domestic flat-rolled steel product pricing, the market seems poised for further increases. Current domestic flat-rolled steel pricing remains below domestic mill published pricing, signaling room for further growth.
Domestic finished steel prices got an additional bump last week in the form of higher scrap pricing. Midwest prime scrap pricing turned higher, climbing for the first time since March, and climbing to $300/gt for the first time since May.
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