Sweden's SSAB forecasts increase in its Q1 steel prices

By Maria Tanatar / January 26, 2018 / www.metalbulletin.com / Article Link

Swedish steelmaker SSAB expects its prices to be higher in January-March this year compared with the last quarter of 2017, the company said on Friday January 26.

The positive effects of the higher prices, however, to a certain extent will be counteracted by higher raw material costs.In North America, demand for heavy steel plate is expected to be good during the first quarter of 2018, the steelmaker said.American Metal Market's price assessment for domestic plate (up to 4 in) averaged $649.38 per tonne fob mill in the fourth quarter of 2017, down by 5.94% compared with...

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