No surge in steel imports on horizon even after price increases
Dec 08, 2010 | 01:20 PM
The U.S. steel industry need not worry about an influx of steel sheet imports in the next few months, despite multiple price increases by domestic producers, trade experts said.
The rapid run-up in sheet-steel pricing—exacerbated by three announced price hikes in the last three weeks alone—is not yet enough to prompt foreign traders to send significant amounts of flat-rolled product to buyers in the United States, traders said.
"The pricing dislocation between world market prices and U.S. prices is not sufficient to encourage imports," said an East Coast trader. "The other issue is whether there is sufficient domestic demand to support increases. My guess is not."....
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