U.S. And Mexican Steel Industries Affected By Winter Storms

www.ferroalloynet.com: Due to limited supply in the domestic market, U.S. hot rolled coil (HRC) prices rebounded from the previous week.

The winter blizzard hit the United States and Mexico for a week, severely affecting the oil supply of the two countries. In addition, the storm also brought a shortage of natural gas and electricity supplies, restricting the operations of the Mexican steel industry.

According to market participants, due to winter blizzards leading to a decline in production, spot stocks in April have almost been used up.

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