Deal prices for coils start growing in USA

摘要

US coils market is thriving amid a pickup in end-users activity. Producers benefit from an upturn in scrap prices in March ($30-45/t up month-on-month). They believe they can achieve the increase in quotations announced two weeks ago owing to shrinking supply among other factors. Steelmakers have cut average steel melting capacity utilization 1.2% week-on-week to 76.3%.