Steel Import Appetite Slows in the U.S. ...Middle East

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Steel Import Appetite Slows in the U.S.
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Via Metal Miner The Raw Steels Monthly Metals Index (MMI) remained sideways, with a modest 0.82% rise from September to October. U.S. Steel Prices Remain in Search of a Bottom U.S. steel prices continued to soften throughout September as they entered Q4 in search of a new low. Based on their October 3 close, HRC prices have now unraveled $80/st from their late March peak, leaving them sitting at their lowest level since February.  While they remained somewhat slow, the second and third quarters showed largely steady bearish momentum across…

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