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

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 past five or six months that everyone...


April 29, 2013

16:48 GMT

New York