US steel prices to continue slow decrease: Ternium CEO

Steel prices in the United States are poised to continue decreasing at a slow pace in the coming months, Luxembourg-based steelmaker Ternium said on Wednesday November 3.

Supply and demand fundamentals have started to normalize in the country, but remain far from balance, according to Ternium chief executive officer M??ximo Vedoya.
Among the drivers for lower prices, the CEO cited capacity usage in the US coming back to pre-pandemic levels, as well as rising inventories and faster lead times. On the other hand, the company - a top steel supplier in Latin America - still saw steel demand as healthy.

"[And lead times] are still far...

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