This week, the US steel market demand is a little weak. Sheet prices continue steady,Midweststeel mills’ hot rolled and cold rolled coils factory base price are seperately USD460-470 / short ton and USD580-590 / short ton, remained stable, steel delivery is shorter, market transactions in general.

Some steel mills expected that the price of hot rolled coil should not have greater volatility later of this year.The price would be about USD 440-480. Meanwhile, this week, the US government is likely to conduct anti-dumping investigation to imported cold rolled coils, but the impact on the US cold rolled coil market of this case will appear in the second half of next year.

                                                               XINSTEEL NEWS