Via Metal Miner The Raw Steels Monthly Metals Index (MMI) remained sideways, with a modest 1.33% decline from May to June. As a whole, U.S. flat rolled steel prices appeared bearish, accelerating declines throughout June. HRC prices fell nearly 9%, their most significant month-over-month drop since February.
CRC and HDG prices saw respective 6% declines, while plate prices fell 4%. Bearish Steel Prices Search for New Bottoms Steel prices remain in search of new bottoms as the market appears increasingly soft. As of June 13,…U.S. Steel Prices Pressured by Influx of Vietnamese Imports
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