The US steel market in this summer is so quiet that have made the international traders to experience a lowest buying mood ever than before.

The relatively low prices in the current US steel market and summer holiday period are the main reasons for this downturn steel business. Meanwhile, low buying sentiment also makes the steel prices standstill without possibility to climb. However, the dropping of nickel price and high inventory quantity also lead to a slow market.

However, some traders are still positive towards the market trend in the third quarter as a whole because they see that eventually buyers will run out the stocks and to refill what they need.