Recently, most of the steel mills in the US said that they’ve hiked the steel sheet prices by US$40/short ton successfully and they are mulling to raise the prices further.

However, the analyst of Goldman Sachs said that the US steelmakers might fail to stabilize the steel prices and the prices of hot rolled coils (HRC) might decrease by US$50/short ton in the following few months.

The analyst indicated that the US steelmakers’ exports have been hindered by the appreciated US dollar against the Euro and Brazilian Real. As a result, it may worse the supply and demand in the US domestic market.