Surging Steel Prices Defy Manufacturing Slowdown ...Middle East

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Surging Steel Prices Defy Manufacturing Slowdown
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Via Metal Miner   While the Raw Steels Monthly Metals Index (MMI) rose 6.43% from November to December, U.S. flat rolled steel prices remain decidedly bullish. By mid-December, hot rolled coil prices broke above the $1,000 per short ton mark for the first time since June. To date, HRC prices have risen almost 53% this year, outperforming all base metals and other forms of flat rolled steel (get weekly updates on steel market trends in MetalMiner’s weekly newsletter). Steelmakers Dust Off Old Playbook with Year-End Steel Price Uptrend…

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