Steel Market Begs the Question: How Low Will Prices Go?

December 2008
Metal Center News;Dec2008, Vol. 48 Issue 13, p6
Trade Publication
The article forecasts the condition of the steel market in the U.S. for 2009. North American hot-strip mill can fall as low as $560 per ton given the falling scrap prices. In the Midwest, the average annual hot-rolled price can be $180 per ton below 2008 levels. There will be a relatively stable price environment during the outlook period as fears over supplies to lead to price or import surges are not expected.


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