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US steel prices rise again

North America

The shortage of supply of steel in the United States turned out to be stronger than analysts expected.

US steel prices rise again

Hot rolled coil (HRC) prices in the United States rise for the second week in a row as limited supply helped drive market prices up.

The US HRC Index, tracked by Argus, has risen by $ 80 over the past 14 days to $ 1,250 per tonne. The deadlines for fulfilling rental orders remained unchanged and amounted to 7-8 weeks.

The US steel market is still experiencing a shortage of supply, while the availability of steel products is lower than expected.

The US Cold Rolled Coil (CRC) price estimate increased to $ 1,390 per tonne, while the hot-dip galvanized (HDG) price estimate increased to $ 1,385 per tonne. CRC lead times dropped to 9-10 weeks from 9-12 weeks, and HDG lead times were reduced to 10-11 weeks from 9-12 weeks.

HRC import prices in Houston are up $ 10 to $ 1,000 per tonne. Although there have been no offers on the market yet, it seems that few are interested in buying imported steel due to the long delivery times.

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