US steel prices surge in September

US steel prices are on a bull run. Following April’s crash, and May/June’s false start, domestic steel producers currently have the bit between their teeth as they look to lift coil prices ever higher. Mill outages, depleted distributor inventories and rising scrap costs combined to propel hot rolled coil prices from US$450 per short ton to around US$600 per short ton, in the space of a few short weeks.

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