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US HRC market still plagued by poor demand, oversupply, squeezed margins

April 29, 2013 - 16:48 GMT Location: New York

KEYWORDS: USA , hot rolled coil , HRC , HRC prices

Squeezed margins, lacklustre demand and oversupply issues continue to plague the US hot rolled coil market, sources have told Metal Bulletin sister title AMM.

Either a significant demand boost or a major production outage will be necessary to trigger a turnaround, they said. "People can’t survive like this forever. Things will continue until capacity comes offline," a source with a Midwest service centre said. "The industry is in need of a shot in the arm from demand," the source added. "Things have been so flat for the...

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