NLMK USA expects steel prices to strengthen

Nov 08, 2013 | 05:16 PM | Catherine Ngai

Tags  NLMK USA, steel, NMLK Group, Russia, quarterly results, steel sales, steel outlook, steel demand steel shipments

NEW YORK — NLMK USA said it expects average prices to increase some $25 per tonne in the fourth quarter, a trend that could continue into 2014, due to stable demand and tight inventory levels.

"In the fourth quarter, we are recording an insignificant increase in steel prices in the United States due to stable demand from key consumers and slightly lower levels of supply in the region," Russia’s NLMK Group, the parent company of the Portage,....

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