In November, the U.S. domestic flat steel market recovered, but the import market price still fell. In November, the prices of hot rolled steel coil, cold rolled steel plate, hot-dip galvanized steel plate and medium and heavy steel plate in the United States rose by 13 dollars, 44 dollars, 55 dollars and 50 dollars, respectively, to 586 dollars, 793 dollars, 793 dollars and 755 dollars. In the import market, the price of galvanized steel plate and medium and thick steel plate still fell, down $22 and $55 respectively, to $959 and $755 respectively.
The recovery of American steel market price and the rise of international scrap price are a driving factor, and the measures taken by steel mills in the early stage also have some effect. At the end of October, ArcelorMittal USA announced that it would increase the price of light steel plate and steel sheet products by 40 USD / short ton, and the new price would take effect immediately. Nlmk USA also increased the price with immediate effect. The price increase of steel mills has played a positive role in the rise of the market; it is not ruled out that further price increase of steel mills in the later period will push up the market, and it is expected that the flat steel market in the United States will rise steadily in December.
