Key Takeaways

• Nucor raised its weekly CSP HRC base price, and one mill is priced well above the rest of the field. The size of that premium is only part of the story.
• Two of this week’s major demand indicators point in opposite directions, and only one of them can be right about where flat-rolled pricing goes next.
• A development in the labor talks at two major integrated producers could matter for price direction under every scenario. The specific reason is inside.

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