This week the US Independence Day holiday approaching, US sheet market demand flat, but most market participants are still optimistic about the market trend after the holiday. It is expected in middle of next week the market demand is likely to rise gradually. Currently, the factory base price of hot rolled coil from US Midwest mills is USD460-470/short tons, cold rolled coils base price is USD580-590/short ton, both of the prices keep steady.

In addition, the market is still concerned about the ongoing labor negotiations between steel mills and labor, if the negotiations break down, then the production of steel in late summer or early autumn will be affected.

                                                       XINSTEEL NEWS