America’s Manufacturing Slowdown Weighs On Steel Demand
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Update time : 2023-07-18 16:15:47
Hot rolled coil (HRC) prices saw the largest month-over-month decline, dropping nearly 16% before stabilizing at the start of July.
The closure of SDI Sinton, combined with planned maintenance outages from North American automakers, has resulted in reduced overall steel demand.
Despite concerns over a potential shortage of scrap due to increased use of electric-arc furnaces, Steel Dynamics' CEO has stated that the company has reduced its use of prime scrap.
