Demand for sheet products is beginning to decline in June which, in combination with already fast-falling raw material prices, has added to increasingly intense downside pressure on sheet prices. Indeed, the rate at which our HR coil assessments have dropped has accelerated consistently w/w since the beginning of May. With demand-side pressures now piling on to falling raw material costs, and with global prices also falling, we see little support for US sheet prices over the near term.
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