Last week US hot rolled coil prices remain stable, mainstream ex-factory prices of Midwest mill were USD400 / short ton, cold plate and HDG base prices were USD550 / short ton. Market participants said that although the mainstream transaction price has not changed, there are indications that HRC prices have started to weaken, some small steel mills began to accept lower prices. The cold roll and hot galvanized plate market remain strong, mainly due to tight supply of two species steel, and an adequate supply of hot rolled steel. For the latter market, the majority of market participants believe that short-term heat volume mainstream prices fell below USD400 / short ton, and cold and hot galvanized plate remained stable.

                                XINSTEEL NEWS