September 08, 2008

Flat product prices in US set to rise in July

US flat rolled price will undoubtedly continue to rise in July. As per report steel mills have already stopped accepting June orders at present, as the buyers are waiting for the July price.

AK Steel has become the first one recently to announce a price rise: the price of all new orders is being raised by USD 83 per ton.

The company's new HRC price is about USD 1,240 per ton while that of CRC is at USD 1,350 per ton. It is expected that other mills will follow AK’s price levels.

(Sourced from YEIH.com)