It is reported that after AK Steel announced to increase the spot prices of sheet by USD 50 per short tonne, the US steel mills have followed AK Steel to raise the prices in this week.
However, the new price hike hasn't been accepted by the market.
Traders indicated that if Metals Service Center Institute's inventory decreases and the delivery volume increase, the new price hike will be accepted by buyers.
(Sourced from YIEH.corp)
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