US hot rolled coil prices poised for fall, analysts say

摘要

US steel prices could be running out of steam as scrap prices loseground and idled Chinese capacity re-enters the market, accordingto analysts.“It appears that US [hot rolled coil] prices may have peaked,”Gordon Johnson II, md and senior analyst at Axiom CapitalManagement Inc, wrote in a June 6 research note.Turkish scrap prices have fallen 25.80% since a mid-May peak, hewrote, noting that Turkish scrap and US hot rolled coil prices havetrended together since October 2007.