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America’s Manufacturing Slowdown Weighs On Steel Demand

Views : 115
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.
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