NYMEX September domestic hot rolled coil price (CRU-HRCc1) was at $1,930 per tonne ($1,880 per tonne at last update).
Producer prices for steel pipes rose 9.2% MoM in August (up 9% last month), still near record highs.Prices rose 63.5% year-on-year (up 48.8% year-on-year last month).
After a long climb, we are seeing a drop in HRC prices.Carbon steel pipe prices have just started to drop slightly.But strong demand and factory capacity issues will threaten to keep prices high at the end of the year.
Learn on-demand about California’s new statewide midstream hot water program and how your business can benefit.
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