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Steel Market Backwardation Signals Potential Price Peak

The U.S. steel market ended 2023 on a bullish note with significant price increases, though recent market dynamics indicate potential shifts in pricing and production for 2024.

United statesNichole bastinSteel instituteVia metalFirst decrease sinceBackwardation holdsCapacity utilization rate creepsMiner insightsBetween futuresSpot steelAmerican ironSteel prices

Steel Prices Weak Amid Backwardation

The end of 2023 saw lots of movement in the world of steel prices, leaving many experts wondering just what to expect for 2024.

United statesSteel instituteRaw steels monthly metals indexFirst decrease sinceBackwardation holdsCapacity utilization rate creepsMonthly metals outlookBetween futuresSpot steelAmerican ironView metalminerRaw materialsSteel prices

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