U.S. steel market stable and inflation

U.S. plate market remains strong, wire mills have started to raise prices.

Sheet, the U.S. plate market is firm. As the automotive industry needs better, coupled with inventory and supply on the steel support, the U.S. hot rolled and cold rolled ex remained at 640-650 U.S. dollars / short ton and 740-750 U.S. dollars / short ton, a small turnover is higher. It is said that the port area is currently importing more, but less competitive inland imported resources, overall steel withstand much pressure. However mills, taking into account global overcapacity and demand continues to slump, raise prices again increased risk may result from imports, so no further short-term steel price increase plan.Pressure vessel steel steel sheet Cash resources.

Plate, the U.S. plate market stable. Since a week ago, the United States took the lead three large steel price 30 U.S. dollars / short ton last week after other mills has also come up the actual quote, but weak demand led to the current round of price increases end yet reached mills expectations. The U.S. Ex A36 commodity grade plate maintained at 680-700 U.S. dollars / short ton since remained unchanged since late June, but market confidence has improved, the next few weeks, the U.S. plate market will gradually pushed higher.Shipbuilding steel plate,steel plate Cash resources and last offer.

Wire, the U.S. wire rod market buoyant. Despite the July U.S. scrap prices, but because of import competition, steel mills announced maintain long steel prices unchanged in July, but recently the U.S. network with wire price is still higher than in mid-June fell 10 U.S. dollars / short ton to 650-660 U.S. dollars / short ton, part of the transaction as low as $ 640 / short ton, as last November to the lowest level. Recently, the U.S. Steel Keystone announced the August delivery price $ 15 for all wire / short ton. Other mills are expected in the coming days will follow price increases. Although the market for August scrap trend is not good, but steel prices have bottomed out, the industry is expected in August the U.S. wire rod prices will be driven by a slight rebound in the price.

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