US flat steel sector still under pressure, this time due to declining iron ore

摘要

US flats market conditions are getting tougher despite scrap price stabilization in April. The major threat is now seen from falling iron ore prices, with high steel product imports adding to the situation. Market players are confused as the current market trends differ from those historically formed. It is now hard to say when prices will finally hit the bottom, but they are believed to be “almost there.”