Steel sheet will now cost at least US$40 per short ton. FMTNews Virus US
NEW YORK: Two of the biggest American steelmakers are increasing prices again in a bid to capitalise on tight supplies, even as the coronavirus damps the outlook for metal demand.
The hike marks at least the second this year for Nucor, and is the latest in a series of increases across the industry going back to October. The increase also comes after tentative signs that the global manufacturing slump may have started to ease at the beginning of the year.
United States Latest News, United States Headlines
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