CRU steel

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Title: CRU steel

Essay Details:

Subject: Technology

Author: Floyd P

Date: November 3, 2016

Level: University

Grade: A

Length: 2 / 329

Essay text:

Although US sheet prices are currently at a large premium to European and, more importantly Asian prices, the weakness of the dollar combined with high freight costs, as well as strong demand in other markets have kept import pressures at bay for now. If sheet prices settle towards the higher end of recently announced price increases however, it may be that despite these factors, imports do again become an issue. In the long products market, a spike in scrap prices of between US$147-190/l.ton caught some producers by surprise, but nonetheless necessitated further increases in finished products prices...

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