US' main steel companies announce to increase their steel prices
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Update time : 2020-05-13 15:13:32
According to the market news, some of the US leading steelmakers such as US Steel Corporation, Nucor, and ArcelorMittal, all announced to increase their steel prices for this month, mainly due to the easing COVID-19 situation.
Moreover, the total output of steel in the US had fallen by 11% this year, combined to the resuming demand from the market, the US steel prices also improve gradually.
The US government also planned to invest US$2.3 trillion to stimulate the market, which might be a great chance to rebound after the COVID-19 situation.
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