US and Japanese steel companies start to increase export prices of hot rolled steel plates

US and Japanese steel companies start to increase export prices of hot rolled steel plates

US and Japanese steel companies start to increase export prices of hot rolled steel plates

    Foreign media reported that US iron and steel companies will increase the export prices of hot-rolled steel plates during shipments in June, while Japanese steel mills will also increase the export prices of hot-rolled steel plates by US$10/ton to US$30/ton.

    According to the data, as of now, the price of hot-rolled steel in the United States has increased by 31.9% from the beginning of this year at US$652.6/ton, an increase of 32.4% year-on-year.Some people said that the price of hot-rolled steel in the United States has reached a peak, but others believe that the current price decline is only temporary. Some dealers stated that US mills are interested in further raising the price of hot-rolled steel.

    In contrast, the price of cold rolled steel in the United States remains unchanged. At present, the prices of cold-rolled steel and galvanized steel in the United States are maintained at levels of US$1,000/tonne and US$1,020/tonne, respectively.


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