US Prices for hot rolled coil (HRC) for the first time since the end of December fell below US $ 600 per tonne, the analysts Argus misleading that market sentiment is becoming more cautious.
Internal weekly index Argus to the U.S. for the week decreased by $ 4 to 599,25 the greenback in the factory the Midwest. The time of execution of the orders for rolling dropped to 5-6 weeks 5-7 weeks.
Began to decline in the price of scrap metal reflected in the market sentiment, with buyers cautious making purchases, expecting that prices for hot-rolled coil will fall.
Analysts noted that the price of scrap metal fell in the range of 10-30 dollars per ton depending on region and quality. Prices were higher in the Midwest and lower in the South.
the Stock price of sheet steel with delivery in may or June rose 2 – $ 10 to 552 – 556 dollars per ton.
