U.S. Steel Prices Continue to Sink as Demand Stalls ...Middle East

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U.S. Steel Prices Continue to Sink as Demand Stalls
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The Raw Steels Monthly Metals Index (MMI) moved sideways with a downside bias, falling 0.96% from August to September. U.S. Steel Prices Continue to Unravel U.S. steel prices remain in search of a new bottom. As of early September, hot rolled coil prices sit at their lowest level since February 21, having unraveled much of the duty-related spike witnessed during the first quarter. Q1 saw prices jump $241 per short ton following successive tariff announcements. However, since reaching their March 27 peak, prices have fallen $109 to stand at $818…

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