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World News
U.S. average HRC prices will fall 47 USD / ton in the coming year.
According to the Bank of America Merrill Lynch (BofA Merrill Lynch), hot rolled steel in the United States in 2013 with an average price less than 47 USD / short ton compared to 2012.
Addressing the meeting of the Association for Women in Metals Industries in Denver, tanners, analyst Timna tanners of BofA Merrill Lynch said the bank had forecast U.S. HRC prices will be $ 600 / short tons in 2012. Current price ex-works HRC factory Midwest (Indiana) is at 640-660 U.S. dollars / short ton.

The factors I made the comment this is due to that the possibility of ore, coal, scrap are lower than 2013.

On the other hand U.S steel production steel will increase, coupled with competition from cheap imports from abroad will put pressure on the domestic markets.

Source: Satthep

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