2 January, 2022
Steel prices continue to cool in the new year, MetalMiner Insights data indicate; meanwhile, global crude steel production continued to decline in November; and, finally, the US exported more petroleum and crude oil products than it imported in the first half of 2021.
U.S. steel prices remain elevated compared with historical levels.
However, steel prices have begun to cool over the past couple of months in 2021, MetalMiner Insights data indicate.
US cold-rolled coil closed last week at $2,053 per short ton, or down 2.6% month over month. However, the price remains well above the December 2019 price of a little over $1,018 per short ton.
Meanwhile, US hot rolled coil is down 5.7% month over month to $1,690 per short ton.
- Oilprice.com