Roughly 13% of Mexican Steel Imports to Face Tariffs Under New Agreement

Via Metal Miner The Raw Steels Monthly Metals Index (MMI) fell 4.5% from June to July. Although the pace of declines appeared to slow from the previous month, U.S. flat rolled steel prices remained bearish during June. HRC prices fell nearly 7%, followed by an almost 5% decline in HDG prices and a modest 2% drop in CRC prices. Meanwhile, the plate price downtrend picked up speed, with prices falling over 6%. Weak conditions and “ongoing competition” also saw Nucor cut its plate prices by $125/st, which brings them down to an estimated…