terça-feira, 19 de abril de 2016

U.S. STEEL SHEET PRICES STEADY AFTER LARGE INCREASES

US sheet buyers saw the market steady for now on Monday, after steel mills pushed prices up aggressively the week before.

The Platts daily hot-rolled coil and cold-rolled coil assessments remained unchanged Monday at $500-$520/st and $680-$700/st, respectively. The midpoints were up $40/st for HRC and $60/st for CRC compared to last Monday.

Both assessments are normalized to an ex-works Midwest (Indiana) basis.

One trader said he believes there are no longer any spot transactions for domestic HRC below $500/st, and even the $500/st price "was good for about half a day." Mills are quoting $520/st now, he said. "If you give them an order while you're on the phone, they'll give you $510/st," he said, but he was confident that $520/st would be the norm next week.

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