This week, the US service center plate inventories slow digestion, delivery time is still short, so plate prices remain under pressure. Southeast mills’ ex-factory price of steel plate is USD 550-570 / short ton, imported resources quoted at USD 470 / short ton (CIF, Houston).

In June, the US service center steel plate inventories are 1.12 million tonnes, although fell by 2.3% month on month, an increase of 11.2% year on year.

For the afternoon market, although the mills hope maintain price stability, in view of scrap price still have downward trend in August, to maintain price stability more difficult.

                                                          XINSTEEL NEWS