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U.S. ArcelorMittal start the third round plate price
U.S. ArcelorMittal start the third round plate price
AK Steel Corporation recently announced the United States will be its annual production capacity of 2.5 million tons of steel mill blast furnace Middleton discontinued, due to the expected market supply tight, buyers purchasing enthusiasm will increase, along with ArcelorMittal sheet mentioning start the third round price, ranging from $ 20 / short ton.
Since two consecutive price increases in May and June, the U.S. plate market all the way up to last week's deadline, the local hot rolled mainstream ex-factory price 560-580 U.S. dollars / short ton rose to 610-630 U.S. dollars / short ton, cold roll by the 660-680 U.S. dollars / short ton rose to 710-730 U.S. dollars / short ton, this week, rally suspension, maintained at the level of last week. However, with ArcelorMittal sheet prices will be raised to $ 650 / short ton, the market expects the U.S. plate market will experience a wave of short-term gains.
Resources from local resources and imported premium, the current U.S. imports of hot rolled and hot rolled premium has been before the first round of price increases rose from 1.7% to 8%, the current round of price increases will be increased to 13%, while research found that when the premium is 11% -17% will result in imports surge. Although AK blast discontinued, May service center inventories were lower than the same ring, combined with summer brownouts and steel mills labor disputes are on the market to play a role, but once imported shock struck, the U.S. plate market will be difficult to stabilize.