U.S. hot-rolled coil prices continue to rise

Hot-rolled coil prices in the United States continued to rise this week, and some buyers were unwilling to purchase locally and began to increase their purchase of imported resources. As of this Wednesday, the US ex-factory price of hot-rolled coils was US$2,110/ton, an increase of US$10/ton from last week.

In the face of high prices, some buyers have begun to turn to imported resources, and some dealers are worried about the risk of falling prices in the later stage, and they have begun to gradually reduce inventory.

Although the demand for automobiles is lower than expected, the arrangement of equipment overhauls by a number of US steel mills will support the price of hot-rolled coils.

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