November 22, 2008

HDG prices in US on upward trend

US main flat rolled steel mills have announced prices for July 2008 shipments buyers predict that the prices may reach a peak high soon.

AK Steel, the first to announce its price is informing customers that all carbon steel prices will rise by USD 83 per tonne for new orders. AK’s current galvanized base price is set at USD 1,372 per tonne.

Though the price continues to rise, the demand for galvanized steel is still quite light. That is mainly because the construction and automobile markets are still comparatively weak.

(Sourced from YIEH.com)