The steel beam prices in the United States has risen due to the start of development measures after the Corona pandemic. The price of domestic and imported steel beams in the United States resumed its upward trend on Thursday, July 29, after remaining stable last month, Metal Bulletin reported. This is related to the return of normalcy to the US industrial economy after the Corona pandemic crisis. In the following, we will evaluate this issue. Please be with Artan Press.
*** Fast Market Assessment of US Rail Price
Monthly Fast Market Assessment for 8-by-8-inch steel beam prices , US FOB rose to $ 63 per tonne on July 29 ($ 1,260 per tonne based on short beam production). An assessment of the price trend shows that this route has increased by 20% from $ 5 in May and June. It started at $ 52.50 and reached $ 63 at the end of July. Fast Market Assessment for Loading Medium Steel Beam Truck from Houston Harbor for Immediate Delivery Thursday’s $ 1,215-1,255 per tonne ($ 60.75-62.75 per kilowatt), which is 5.11% of the 1155 -1195 dollars per ton in May and June and above.
*** Simplification of American businessmen in steel beam prices
Traders and market participants reported that the price increase in early July was simplified because supply was limited and demand was justified. While most sources say they have been able to obtain the tonnage of beams they need, some have suggested that receiving the steel beam prices may require more than expected. In other words, the market seems thirsty in this area.
In this regard, one of the distributors of the beam field in the United States has stated that “there is no choice but to pay.” Higher prices set by factories, getting all the beams needed by the buyer can be challenging. “The situation is such that some companies do not have steel,” he said. Some of them only offer certain sizes and others offer the rare sizes available in the market at free prices. The market as a whole does not have a favorable order regarding the supply of beams. A West Coast distributor also confirmed the recent talks.
*** US rail prices without a specific policy
The price of American steel beam prices in different parts of the country has experienced different prices and quality of various offers. In the western part of the United States, supply is better and more buyer satisfaction is reported. Activists on the East Coast of the United States have said that the demand situation is not very interesting. A market activist has stated that he has been trading in this market for 35 years and has not seen similar prices these days in the US Tiahan sector.
Although the automotive sector in the United States has been strong and has met the needs of the market, the challenge of the electronic chip belt in this market is recognized as a risk. A market participant told Metal Bulletin that the railway industry was developing and that they were building more wagons. Keeps your construction. I do not see any negative points regarding American steel production.
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