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| TITLE |
US steel market continues to fall in March |
| WRITER |
administrator |
DATE |
2009-04-27 09:10:42 |
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US steel market continues to fall in March
26 Apr 2009
According to a survey by Japan Iron & Steel Federation, domestic market prices of steel products in the USA continued to fall in the Middle West as of March 31st 2009.
Summing up the findings of the survey, the JISF gives the following report.
1. As of March 31st 2009, Midwest market prices of flat products fell by USD 28 from a month ago to USD 471 per tonne for HR sheets, by USD 25 to USD 563 per tonne for CR sheets, by USD 42 to USD 627 per tonne for hot dip galvanized sheets, and by USD 99 to USD 693 per tonne for heavy plates.
2. As of March 31st 2009, Midwest market prices of long products declined by USD 41 from a month ago to USD 492 per tonne for rebars, by USD 60 to USD 591 per tonne for wire rods, and by USD 53 to USD 786 per tonne for structural shapes. As a result, the prices of rebars and wire rods sank to half the peak levels in the summer of last year.
Resourced from TEX Report Ltd |
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