Is the US steel market in overdrive?

Everyone is asking the same question, is the US steel market in overdrive? “Overcooked”, “excessive”, “too hot” are just a handful of phrases uttered by coil buyers to describe the current market. It is no surprise that steel prices have surged since the summer. The market went into its shell at the beginning of the Covid-19 pandemic and only started to come out of it in August.

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