Steel import tag fall fails to stir buyers’ interest
Dec 05, 2008 | 12:07 PM
| Maria Guzzo
Prices of imported steel products into the port of Houston are dropping, but customers aren't taking the bait.
"There are plenty of offers out there, but no takers," one trader said. "(The) imported hot-rolled coil price is probably in the $500 (a ton) range, but even at $480 nobody's going to buy."
The trader said he had heard reports of domestic coil prices falling below $500 a ton. "I don't know that any (importers) have anything low enough to beat that," he said. "As long as people believe prices will continue to fall, they'll continue to delay buying material."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here