More overseas steel plate mills targeting US

Apr 03, 2012 | 02:48 PM | Catherine Ngai

Tags  steel plate imports, Ukraine, Britian, Italy, catherine ngai

NEW YORK — The domestic carbon steel plate sector may see a pickup in offerings from overseas mills traditionally absent from the U.S. market, traders said, citing strong conditions in the United States relative to other countries.

"There are a lot more countries interested in (shipping) to the U.S. these days. Some of these don’t include the typical players," one steel trader said. "It’s a combination of the European market that’s terrible and a U.S. plate market that’s paying more than anyone else in the world by a long shot. It’s pretty simply, really."

Canada, South Korea and Russia are still by far the top international suppliers to the domestic marketplace, but according to trader sources there also have been a growing number of attractive offers for plate from mills in Britain, Italy and Ukraine—countries that traditionally have offered very little material stateside.....

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