US authorities relax section 232 measures

Steel selling values, in the United States, continue to be among the highest in the world. Nevertheless, local steel manufacturers are struggling to minimise the extent of recent price erosion, across flat and long products. Falling scrap expenditure, weak purchasing activity and an uptick in domestic production contributed to the latest price decline, this month. Hot rolled coil prices are, currently, hovering just above the US$600 per short ton mark. However, the reduced impact of Section 232 legislation has the potential to exacerbate the negative pricing situation further, in the near term.

Read more at US authorities Relax Section 232 Measures.

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