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US steel prices usher in a new round of price increases
2017-03-18 16:42:59

 US steel prices usher in a new round of price increases

Recently, Nucor, the Russian steel company in the United States, Ami US companies and the US Steel Group have announced the US sheet price of 30 US dollars / short ton, the main reason for the increase in domestic scrap prices. In March, the US scrap scrap purchase price rose 25-40 US dollars / long tons, heavy waste prices rose 50-60 US dollars / long tons. The price increase in the buyer's expectations.

 

At present, the United States Midwest Steel (Indiana) hot roll ex-factory price of 635-640 US dollars / short ton, the chain rose 15 US dollars / short ton, cold volume ex-factory price stable at 830-850 US dollars / short ton.

 

In addition, the New York is raising the delivery period in March 6 after the galvanized sheet surcharge, mainly due to zinc prices. Over the past two weeks, Steel Steel, Calif.-based steelmakers and Steel Dynamics have also raised their surcharges for April delivery of galvanized sheets.

 

Long goods market performance is also very strong, first of all Nucor, North American companies, steel dynamic companies and commercial metal companies announced the increase in rebar prices 25 US dollars / short ton, March 8 signed a contract, and in April 1 Orders have not been affected by the price adjustment. The main reason for the increase in prices is the rise in raw material prices and the US Department of Commerce announced that imports from Turkey, China Taiwan and Japan's rebar to make positive anti-dumping preliminary ruling. The United States ruled that Taiwan's dumping margin of 3.48% -29.47%, Japan's dumping margin of 209.46%, Turkey's dumping margin of 5.29% -7.07%. Affected by this, import prices also rose 25 US dollars / short ton. At present, the southeastern United States steel mills ex-factory price of 545-565 US dollars / short ton, the chain rose 15 US dollars / short ton, imports of resources offer 468-478 US dollars / short ton (CIF, Houston), the chain up 8-14 USD / short ton.

 

Second, Keystone wire rods raised US wire prices by $ 45 to $ 60 / short tonne, with low-carbon wire prices up $ 45 / short ton, high-carbon wire prices up $ 60 / short ton, mainly the 2017 market environment and raw materials Price increase.