Market Update | July 21st 2021

U.S. homebuilders’ confidence remains strong despite facing shortages of materials, buildable lots, and skilled labor; while light vehicle production increased for the first time in two months. Both of these helped push carbon flat rolled consumption to its highest levels since February 2020. Which set new all time highs for steel pricing and kept prices in the current upward super-cycle for the twelfth month.

MARKET UPDATE