Early in the month of November, in response to rising prices and a limited supply, the steel mills in the United States extensively initiated a new round of price increases. It is anticipated that these activities would drive the overall market in the United States to rise. california iron and steel company, uss-posco, severstal north america, and ak steel corporation have all announced price increases for sheet products. The price increases vary from 20 to 60 dollars per short ton in the United States. Following the implementation of the price increase, the ex-factory price of hot coil climbed to between 680 and 710 US dollars per ton, while the ex-factory price of cold rolling increased to between 790 and 820 US dollars per ton. After adjusting for inflation, the price of rebar at midwest mills has risen to 650-680 U.S. dollars per short ton. As a result, gerdau long steel north america, steel dynamics corporation, nucor steel company, and commercial metals company have all raised their rebar prices by 10-20 dollars per short ton. The price of plate was also declared to have raised by an additional $40 plate per short ton by nucor Steel Corporation. Taking into account the entire price increase of $ 70 per short ton that occurred in October, the price of a36 commercial grade plate at the plant will climb to between 770 and 790 dollars per short ton. In addition, firms in North America such as Gerdau Long Steel North America have said that they would be increasing the price of wire rod to 30 U.S. dollars per short ton, and that the price of wire ex-factory will increase to 660-670 U.S. dollars per short ton. During the month of November, the price of scrap metal in the United States rose by $20–$30 per long ton. As a result, the cost of raw materials for steel mills also rose significantly. Concurrently, as we got closer to the end of the year, buyers began to replenish stocks, while domestic and imported resources began to show signs of scarcity. According to preliminary data, the amount of steel that was imported into the United States in October fell by 44 percent, compared to the same month last year, it fell by 37 percent, and it reached its lowest level since March of 2010. Steel mills are benefiting from a rise in price for a number of reasons, the primary ones being increasing expenses and supply bottlenecks. It is anticipated that this round of price rises would be approved by the market since the United States market is a solid basic for the market. It is anticipated that there would be a continued scarcity of quarter sheet imports in the market the following year; hence, the end plate market should be able to absorb at least part of its gains. In the sector of long products, where rebar prices are still very cheap, it is anticipated that the market will be able to sustain gains of at least ten dollars per short ton. On the other hand, the pace of rise will be restricted since wire demand is quite modest. price increases are projected to be tolerated in the thick market owing to supply constraints; however, given the possible import pressures, sustained upside may be restricted. thick market due to supply shortages. If you are looking for a provider of high-quality carbon steel pipe, tinplate, or steel wire in China, go no further than ontrend industrial limited. If you have any questions, feel free to contact us via our website.
I love myBlogd
