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Январь
2024

Steel Market Backwardation Signals Potential Price Peak

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Via Metal Miner U.S. flat rolled steel prices closed the year decidedly bullish. A nearly 14% month-over-month rise saw HRC prices easily outperform all base metals both during the month and throughout 2023 as a whole. Meanwhile, plate prices saw an upside correction after prices traded down throughout November. HRC Prices See First Decrease Since September HRC prices finished 2023 very strong. In fact, the turn of the year marked three consecutive months of increases that saw prices rise over 61% from their late-September low. While the bullish…



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