Crude steel output fell 27% YoY (May -39%), with production improving MoM both for integrated and secondary steel producers.
While steel mills have hiked HRC prices, they are still 8/4% below China/FTA nations’ import parity prices.June-2020 apparent steel demand fell 43% YoY (-48% in May).
Crude steel output fell 27% YoY (May -39%), with production improving MoM both for integrated and secondary steel producers.
While steel mills have hiked HRC prices, they are still 8/4% below China/FTA nations’ import parity prices.
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