@StickyRice:Cleveland-Cliffs, Nucor hike steel prices, target $1,000/ton for HRC Cleveland-Cliffs $Cliffs Natural Resources(CLF)$ said it is raising spot market base prices for all carbon hot rolled, cold rolled and coated steel products by $100/short ton, effective immediately with all new orders, and setting a minimum base price of $1,000/st for hot rolled steel. Cleveland-Cliffs' (CLF) move followed competitor Nucor $Nucor(NUE)$ , which had increased its flat rolled steel prices by $100/st and set a minimum $1,000/st target price for hot rolled coil products. Nucor (NUE) has raised prices by $360/st over six price hikes since late November, according to Argus. The latest price increase, if accepted by buye

@alex alexalex:Fed's Rate Debate Shifts to How, and When, to Slow Down Reuters 2022-10-22 08:57 DJIA +2.47% NASDAQ +2.31% (Reuters) - The Federal Reserve, set to approve another large interest rate increase early next month, is shifting to a debate over how much higher it can safely push borrowing costs and how and when to slow the pace of future increases. The U.S. central bank is likely to provide a signal at its Nov. 1-2 policy meeting as officials weigh what some see as growing risks to economic growth against a lack of obvious progress in lowering inflation from its pandemic-related surge. "This debate about exactly where we should go, and then become more data-dependent, is going to heat up in the last part of the year here," St. Louis Fed President James Bullard said in a Reuters interview last we