American hot rolled steel coil continues to climb high

This week, the price of hot rolled plate and coil in the United States was US $2040 / ton, continuing to break through the previous high. Market participants predict that the price of hot rolled steel coil will break this record again soon.

Due to the shortage of spot resources in the market, steel mills have raised the price of the only resources one after another. Some traders reported that domestic high prices make imported resources very attractive. At the same time, the European anti-dumping investigation on Turkish hot-rolled coils will cause more Turkish resources to flow to the United States. It is expected that the import of hot rolled steel coils will continue to increase until the end of 2021, but it is still unable to make up for the domestic gap.

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