US domestic flat steel prices fell in February

In February, US domestic flat steel prices fell. At the end of February, the hot rolled steel coil price of Midwest steel mills in the United States dropped by $15, to $641; the cold rolled steel plate price dropped by $32, to $827; the galvanized steel plate price fell by $21, to $838; and the medium steel plate price fell by $21, to $684.

The US flat steel market fell in February. This is mainly affected by two factors. First, the price increase of American steel mills has promoted the rapid rise of American market in a short period of time. Under the downturn of global steel market, there is room for adjustment. In addition, the impact of the coronavirus epidemic and American influenza has made the market expectation sad. In February, the American capital market was once pessimistic, and the NASDAQ index appeared Fast diving market for several days.

After a correction, the US flat steel market is expected to stabilize in March.