Late last year, the influx of imported resources made US plate market oversupply, first quarter of 2015, this oversupply situation has not been got very good improvement, domestic plate prices remain under pressure.

This week, the southeastern steel mill of United States quote A36 steel plate ex-factory price of USD 630 / short ton, compared with early March fell by USD 30 / short ton, high-volume transaction could fall below USD600 / short ton.

Although theUSplate imports have slowed, or even close to stagnation, but most market participants believe that the early influx of imported resources has caused damage to the market. In February, US service center inventories plate was 1.28 million tons, a decline of 2% month on month, but still up 30.9% year on year, equivalent to about 3.5 months of supply.

Steel mills and service centers said it will continue to closely monitor market changes in inventories, expect prices to rebound.

                                                                                                   XINSTEEL NEWS