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American steel corporation up regulation the strip price
As the price of copper scrap rebounded, American steel corporation will up regulation steel strips in the next year. Last week Nucor steel corporation and Arcelor Mittal corporation declared that next January steel strip will up regulation to 40 USD/short ton. This week Nucor claimed that they will up regulation corrugated steel, small type structural fittings and light steel structure to 30USD/short ton, H steel to 20USD/short ton.
Several economic statistic reveals that at present America economy is gradually recovering. It is benefit from good macro-control and production control, America steel strip is almost under balance. Market is mainly affected by the price of steel scrap, so steel corporation's up regulation this time is reasonable.
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