Experienced a decline almost throughout the year, the price increases in the steel joint irritation, last week US sheet prices rebounded slightly. Currently Midwest mill HRC ex-works prices are USD370-390 / short ton, before the price is USD360-370 / short ton. Cold roll coils ex-work price is USD520-530 / short ton, before the price is USD490-500 / short ton.

Market participants said the foundation is not solid for hot rolled coil price increase, turnover little after price rising. Turnover of cold roll coil relatively better, turnover growth and extension of steel delivery.

Due to the Christmas and New Year holidays approaching, even if prices rebound, the overall market turnover cold, we can not ensure that the market is indeed accepted the steel price increases. After the New Year holidays are over, as buyers generally return to the market, then the trend will be clear.

                                      XINSTEEL NEWS