Stainless Steel CR Coil Price in the North American market fell during the third quarter of 2022 as the market was divided on sentiment, with a price increase announced in mid-August failing to gain traction. The most extended lead times were reported in mid-September. Large service centers expressed their wait-and-see strategies had not changed in the last week as they await increased demand. The ongoing labor talks between the United Steelworkers (USW) and integrated steelmaker US Steel appeared to reach a stalemate towards the quarter end. Many buyers refused to make purchases that would increase their inventories, preferring to keep stocks tight rather than risk investing in an uncertain market. Many buyers were skeptical that the price increases do more than just level the demand. Towards the quarter end, the prices of Stainless Steel CR Coil were USD 7360 Ex Florida (USA).
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