01 Nov 2012 Last updated at 13:37:05 GMT
US Steel flat product prices may continue rise
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NEW YORK (Scrap Monster): The prices of steel flat products may continue rising in the US domestic market.
Most of the steelmakers in the US have hiked the prices of steel flat products after US Steel announced to raise the steel flat product prices by US$44/ton on October 16th.
The US Steel announced to hike its prices of steel flat products by US$44/ton on October 16th as the firm expected the scrap prices will rise in November.
An industry sources forecasted that the US steelmakers may raise the prices of steel flat products again recently as the scrap prices have been seen to increase in November.
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