US steel sheet market continuing to feel downward pressure

https://www.chemnet.com   Oct 01,2015 Platts

　　Sparse buying in the US sheet market remained a major concern on Wednesday as pricing was under mounting pressure.

　　Platts maintained is daily hot-rolled and cold-rolled coil assessments at $430-$440/st and $550-$560/st, respectively. All prices are normalized to a Midwest (Indiana) mill ex-works basis.

　　Pricing for HRC was heard to be more focused on the lower end of the range at $430/st out of mini-mills.

　　"A nearby mill told us $430/st was the 'asking' price for small-sized orders this week," a Midwest service center source said. "They readily admitted it's very weak however, with no near-term end in sight."

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