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All the factors wrestling--American thin steel plate prices may rise
Source:Xin Steel Industry   Date:2013/02/20

With the rising international steel prices,U.S. steel mills began to stir, hoping to push up steel prices again.However, the local market demand is low. Buyers strongly resisted price increases.


From the international market environment, the inlet pressure, domestic raw materials and macro perspective. American sheet market looms warmer signs.As raw material prices are higher, the main market are raised or plan to raise steel price.The steel mills of Europe, Japan, South Korea, China, India and Brazil have announced one after another that they plans to raise the price.The market sentiment was improved and the international steel price remain strong.In view of the pick-up of domestic market,the exporters raised the steel export quotation to the United States, and the inlet pressure of American sheet market was relieved. However, since last November, American domestic scrap prices were stable. One of the pushing hands of the steel prices felling was disappearing. In addition, the American government is actively seeking a "financial cliff" solution which is boosting the market confidence. As the buyers return to the market one after another, it is expected that the steel mills situation will be improved and the prospect of American sheet market is more optimistic.

 

 

 

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