Passed to guarantee the $ 40 / short ton price increase, coupled with decreased the shutdowns inventory pressure, U.S. steel mills are unwilling to compromise in terms of price.
Steel on orders ex-factory price of less than 1000 tons of hot rolled at 620-640 U.S. dollars / short ton, but scrap prices continue to fall, the summer demand is still sluggish, buyers are not willing to $ 600 higher / short ton too much The price of the transaction, the two sides deadlocked.
The dealer said that steel mills are very confident that buyers will accept price increases, but seems to buyers, steel mills desperate to price increases in the recession. He believes that the steel price increase is too large, and buyers underestimated the pricing of steel mills, is expected to eventually partially successful, but can not be fully passed. And sheet prices rose after a certain level within 3-4 weeks or will remain stable after the price fluctuations still depend on the economic situation.
At present, the mainstream quotations of the U.S. market, hot rolled and cold rolled up $ 10 / short ton to 595-605 U.S. dollars / short ton and 695-705 dollars / short ton.
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