Sheet prices fall in the west, but show some stability in the east

摘要

October is the sixth month in a row that the CRUspi has fallen, although price falls were much more pronounced in the USA and Europe relative to Asia. In all, The CRUspi fell by 4.4% to 208.5 m/m. In our view, there is still more downside for prices in most markets, and we expect further declines for the remainder of the year.