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The price of American steel market rises sharply
American steel market: up sharply. The benchmark steel price index of 98.9 points in the region rose 1.3% on a week-on-week basis (the increase converged), 6.8% on a month-on-month basis (from decline to rise), 18.4% on a month-on-year basis (the decline converged), and 19.4% on a year-on-year basis (the decline converged).
Flat steel material: the market price has risen sharply. Although novel coronavirus pneumonia cases have exceeded 2 million in the United States, the steel price has been overturned and rebounded, and the trend of V reversal is very obvious. At present, the ex factory price of hot-rolled coils of mainstream steel mills has risen to a relatively high level of 570 US dollars / ton, which is 40 US dollars / ton higher than that at the end of last month. The ex factory price of cold rolled coil is 750 US dollars / ton, up 20 US dollars / ton. The price of hot-dip galvanizing is 830 US dollars / ton, up 40 US dollars / ton. Data shows that the domestic hot-rolled coil market price in the United States has reached a high in the past two months, and steel mills are trying to start a third round of increase, which leads to general optimism in the U.S. steel market.