This Morning in Metals: U.S. steel prices continue to cool
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- March 9, 2022
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This morning in metals news: U.S. steel prices have continued to decline; OPEC will continue its output increase schedule in February 2022; and, lastly, Alcoa at the end of last year announced plans to curtail production at its San Ciprián aluminum smelter in Spain.
Does your company have a steel buying strategy based on current steel price trends?
Although U.S. steel prices remain elevated, prices have cooled over the last few months, according to MetalMiner Insights data.
U.S. hot rolled coil, for example, closed last week at $1,587 per short ton, or…