U.S. Steel Prices Pressured by Influx of Vietnamese Imports

Via Metal Miner The Raw Steels Monthly Metals Index (MMI) remained sideways, with a modest 1.33% decline from May to June. As a whole, U.S. flat rolled steel prices appeared bearish, accelerating declines throughout June. HRC prices fell nearly 9%, their most significant month-over-month drop since February. CRC and HDG prices saw respective 6% declines, while plate prices fell 4%.  Bearish Steel Prices Search for New Bottoms Steel prices remain in search of new bottoms as the market appears increasingly soft. As of June 13,…