US cold volumeprices rise

US cold volumeprices rise

Steel prices roseand the impact of rising volume of hot rolled coil, the US cold volume pricesalso rose, the spot market transactions are poor, buyers are more hesitant topurchase. At present, the central and western mills (Indiana) cold coil factoryprice stabilized at 850-870 US dollars / short ton, the chain rose 10 USdollars / short ton, hot volume ex-factory price rose early this week after thetemporary stable, reported at 640 $ 660 / short ton.

Although the coldrolled import market is highly competitive, but taking into account thedomestic prices and early imports of low-cost resources have not yet finishedsales, so the buyer procurement is limited. Traders said their offer for theTurkish cold rolled in June was $ 680 / short (CFR), which would then be soldto domestic users at $ 740-750 / short ton. Due to the lack of alternativeresources, Turkey's exports to the US hot roll are also trying to rise to 600US dollars / short ton (car delivery price).