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."
US sheet metal buyers see price points
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