US sheet prices continue to rise

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US sheet prices continue to rise

Source:Xinsteel Date:2016/1/21

After the second time to increase the price of steel mill, this week the price of steel sheet in US rising again, but the steel can be passed on to the user all the gains, ultimately depends on the actual demand. Currently Midwest mill HRC ex-works prices quoted at USD390 / short ton, cold roll and hot galvanized plate, respectively USD520 and USD580 / short ton.

Last week, US steel mills increased the steel sheet price by USD20-30 / short ton, count the December price increases, the cumulative price increase of HRC 50-60 US dollars / short ton, cold roll and hot galvanized plate is $ 70 / short ton. However, the current steel price increases have not yet been accepted all users, especially hot rolled coil, actually rose to $ 35 / short ton.

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