Last week, Many American steel mills including ArcelorMittal and Nucor announced the increase of HRC offer, increasing by usd20 / short ton or more. Affected by this, this week the price of hot rolled coil have been rising slightly, but the market turnover is still flat. Midwest hot rolled steel factory base price is usd 445-455 / short ton, up usd5 / short ton, cold roll coil factory base price was stable at usd 570-590 / short ton.

Some market participants said that although the market may be delayed high inventory goals of price increases, but does support the price of hot rolled prices have bottomed out point of view.

                              XINSTEEL NEWS