News Formal

Market Sentiment Shifts as Buyers Resist Steelmaker Price Increases

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 24 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 68%

Steel Prices Nyheter

Price Hikes,Steelmakers,Mill Lead Times

The steel market shows signs of flattening with HRC prices moving sideways after a period of decline, creating uncertainty about the direction of future price trends.

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 34. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Jamie Dimon warns rates could stay high as market mood shiftsJPMorgan chief says inflation could be ‘stickier’ than markets expect in annual letter to investors
Källa: FT - 🏆 113. / 51 Läs mer »

Preston Makers Market to bring more than 70 stalls to Flag MarketA busy makers market during March on the Flag Market Pic: Preston Makers Market The latest Makers Market will sprawl across the Flag Market once again this
Källa: blogpreston - 🏆 82. / 55 Läs mer »

Disconnect between sellers and buyers in UK housing marketThere is still a disconnect between what sellers think their homes are worth and what buyers can afford to pay for them. House prices went down last year and so did the number of sales, as well as the number of buyers who were approved for a mortgage.
Källa: i newspaper - 🏆 8. / 89 Läs mer »

Orange Pip Market, Middlesbrough: Council turns to businesses to help secure future of much-loved marketWays of securing the future of a much-loved event are being explored by the local council, including sponsorship from local businesses.
Källa: The Yorkshire Post - 🏆 39. / 66 Läs mer »

10 incredible pictures of Barras as Hong Kong street marketGlasgow's iconic Barras market was transformed into a Hong Kong street market this weekend.
Källa: Glasgow_Times - 🏆 76. / 59 Läs mer »

Barras transformed into Hong Kong street market THIS weekendGlasgow's Barras Market will transform into a Hong Kong-style street market THIS weekend.
Källa: Glasgow_Times - 🏆 76. / 59 Läs mer »