With Formosa Ha Tinh Steel hitting $ 145 per tonne hot rolled steel prices in June, there is a strong price hike in the plate market this week and sheet producers are also preparing to raise prices accordingly.
Currently, domestic steel sheet is in great demand among manufacturers of building metal structures, and the supply remains in short supply. Both domestic and foreign sources are limited.
As quotations of imported steel sheets continue to rise, current prices are being maintained and need to be monitored.
On the other hand, due to the sharp increase in prices for new Baosteel sheet in China and Formosa Ha Tinh Steel, the market expected the price of China Steel Corp. (CSC) will also rise sharply in May, which will also stimulate a rise in sheet steel prices.