Commodities 2023: Recession fears, ample stocks cloud picture for US steel sheet market

The US steel sheet market will look to establish new footing in 2023 after prices took a nosedive in the second half of 2022. However, concerns of a weaker economy, sufficient inventory levels and uncertain demand outlooks are weighing on the market’s potential upside for next year. The Platts TSI US hot-rolled coil (HRC) index reached a record level of…

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