In the first week of June, cold-rolled and hot-rolled steel in the US was still in short supply, and domestic prices were too high. Buyers in the lower segment could not accept the rise in prices and refused to place orders at such crazy prices.
Some marketers believe that if the shortage of automotive components is eliminated, then the next quarter prices for sheet steel. Smelters said supply would be in short supply in the fourth quarter as demand from the auto industry increased.
An assessment by professional bodies showed that until June 3, prices for CRC and HGI coils were up about $ 20 per tonne compared to last week, and the growth will not stop anytime soon.