US sheet market feeling the end of summer blues

摘要

US sheet market sources remain worried that the lower business levels seen in July and August will not improve after the September 5 Labor Day holiday as some had anticipated. "Historically election years are slow. I don?t think the economy is that strong either," one buyer said. A mill lowered his ex-works hot-rolled coil offer price to $590/st from $600/st in the last week. His price for base hot-dip galvanized sheet substrate and cold-rolled coil has not changed from $800/st, he said, and he?s only buying what he needs from mills and other service centers.