Despite the fact that steel sheet prices in the US are gradually strengthening, market sources say there is still a supply of inexpensive hot rolled products.
Some of the producers raised prices for hot rolled steel on Monday to $ 730-750 per tonne, while cold rolled steel rose to $ 840-860 per tonne. All prices are from the factory, domestic factory.
However, a West Coast buyer claims that $ 700 hot rolled products are still available in their market. The Midwestern buyer also pegs the local price at $ 690-720 per st.
A Midwestern buyer adds that strong demand for cold rolled and galvanized products may soon spur another price increase, which will also stimulate hot rolled products.
“There are a lot of rumors about upcoming growth,” he says. "Prices for cold rolled steel and electroplated coatings are extremely strong, but hot rolled steel is just average."
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