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August 6, AK Steel Corporation announced the increase of the sheet metal spot prices of $ 30 / short ton, and immediately begin the implementation of, this is the third month of the company announcing the price increase. July 6th, AK Steel Corporation raised the sheet price 40 U.S. dollars / short ton on July 27, price 40 U.S. dollars / short ton, three times the cumulative increase of 110 U.S. dollars / short ton. Mainstream ex-factory price of hot rolled at 640 U.S. dollars / short ton from the previous month lows of $ 50 / short ton, the purchase of individual steel mills has reached 680 U.S. dollars / short ton. U.S. steel mills continuous price increases, on the one hand, benefit from the current market supply, on the other hand reflects the recent scrap prices rebound.

U.S. sheet remained stable demand growth from the recent disclosure of the industrial production index and automobile production and sales. In July, U.S. auto sales grew 9 percent to 1.15 million, as the primary user of the sheet, the continued recovery of the automotive industry to boost the steel price increases confidence.

Meanwhile, the recent supply of the U.S. market is showing an overall downward trend. After mid-June, the U.S. steel mills began to cut the current capacity utilization is maintained at a low level. Not only the domestic supply pressure drops, imports continued to decline.

Preliminary statistics show that in early August, the U.S. steel import permit in July amounted to 2.383 million tons, with basically the same as in June, decreased significantly compared with April and May.

In addition, the U.S. steel scrap prices rebound also forced the steel mills continue to raise prices. Pull tight supply, since August, the U.S. scrap market rose sharply, up $ 50-70 / long ton compared to early July. Currently, the U.S. shredded scrap price of delivery to the central and western steel prices from early July to $ 340 / long ton rose to 405-410 U.S. $ / long ton, southeastern shredded scrap prices up to $ 425 / long ton.

The first two price increases in U.S. steel mills has essentially been achieved, but the third price increase market acceptance more difficult. First, the U.S. manufacturing PMI for two consecutive months below 50 is on the decline of its economic recovery efforts. Second, the U.S. steel capacity utilization in the last two weeks of continuous growth, the domestic supply of the signs of growth. Finally, the current U.S. sheet prices higher than the European market, about 80 U.S. dollars / ton, $ 110 / t higher than the Asian markets, such a high spread will inevitably lead to a rebound in imports is expected the fourth quarter of the U.S. steel imports began to grow again.

The above three factors may cause late supply and demand side of the market reversed, unless the scrap prices continue to rise, otherwise the sheet prices will be terminated at any time.