Stainless flat-roll hikes feel import pressure

Apr 03, 2012 | 03:50 PM | Thorsten Schier

Tags  flat-rolled stainless, 304 cold-rolled sheet, 304 coiled plate, China, Thorsten Schier

NEW YORK — Aggressive import tags for flat-rolled stainless and discounting to some large-volume customers have some service centers pushing back against a domestic April base price hike, market players told AMM.

"I hear that there’s a lot of pushback on the recent increase," one source said.

Some service centers are refusing to accept the domestic base price increases due to the attractive offers for lower-priced foreign material. Service center sources this week reported offers for bellwether 304 cold-rolled sheet from China in the low $1.40-per-pound range, for delivery in August, well below domestic prices that are today in the mid- to upper-$1.50s. ....

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