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Better Days Await US Steel Producers in the Second Quarter

Mark O'Hara
Better Days Await US Steel Producers in the Second Quarter

As noted previously, US steel prices have settled at higher levels after rising sharply in the first quarter. However, the rises in US steel producers’ first-quarter earnings weren’t commensurate with the sharp gains in spot steel prices. The disconnect isn’t difficult to explain. There’s a lag between steel companies booking their sales and the steel getting shipped to the buyer.