This week, the US sheet market continues to decline, the price of hot rolled coil in Midwest steel down by USD10-20/short ton over last week, quoted at USD400-410 / short ton, cold-rolled coils’ prices continue steady and factory base price maintained at USD 540-550 / short ton.

Although the sheet prices continue to fall, the market demand is still limited, except good demand of auto manufacture industry, other end-users’ demand remain weak, dealers and service centers mainly digest the pre-inventory, buyers wait and see mood darker, the market can’t be expected to turn good in next month.

                                                     XINSTEEL NEWS