Via Metal Miner The Raw Steels Monthly Metals Index MMI moved sideways, with a modest 1.38% decline in steel prices from March to April. U.S. flat rolled steel prices continued to trade down throughout March. Meanwhile, HRC prices fell 8.35% to close the month at a new lower low. However, hot rolled coil prices traded up during the first week of April, returning to where they stood in early March.
Steel Production Appears Steady Amid Outages In a bid to spook buyers, mills warned that Spring outages would tighten the supply balance. However, data from the American Iron and Steel Institute show that cuts thus far appeared modest at best. While down from its recent peak in mid-March, raw steel production levels continued to trend higher from Q4 2023 to Q1 2024. Meanwhile, the capacity utilization rate has held above the 75% mark since January.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FT - 🏆 113. / 51 Read more »
Source: blogpreston - 🏆 82. / 55 Read more »
Source: i newspaper - 🏆 8. / 89 Read more »
Source: The Yorkshire Post - 🏆 39. / 66 Read more »
10 incredible pictures of Barras as Hong Kong street marketGlasgow's iconic Barras market was transformed into a Hong Kong street market this weekend.
Source: Glasgow_Times - 🏆 76. / 59 Read more »
Barras transformed into Hong Kong street market THIS weekendGlasgow's Barras Market will transform into a Hong Kong-style street market THIS weekend.
Source: Glasgow_Times - 🏆 76. / 59 Read more »