13 April 2010
US Mills to Raise HR Sheet Prices

Major American mills have announced to increase HRC spot prices again to over US$700/short ton early this week.

According to traders, it is reported that steel mills are going to up their HR sheet prices by US$50~80/short ton and trying to boost the HRC prices to over US$800/short ton in the future. The main reason for price rise is due to high cost and end users’ demands have rebounded recently.

However, the price of HR sheet would stop hiking while the steel market will get into summer holiday.

(Source: SEAISI Website)

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