Flat-rolled steel buyers sitting out
Apr 16, 2012 | 04:26 PM
| Catherine Ngai
Tags
steel,
hot-rolled imports,
imports,
sheet,
plate,
catherine ngai
LONDON — Flat-rolled steel traders trying to book orders for summer delivery are being priced out of the U.S. market on rumors that prices will fall in the near term.
"Buyers are very cautious about buying right now, even with price incentives," one steel trader said. "There’s just too much uncertainty in the market, and it doesn’t look like any buyers believe prices will increase. Instead, it’s the reverse. They buy what they want, and then they wait."
A number of U.S. mills have tried to hike flat-rolled prices in recent weeks. While a number of Midwest service centers reported that some of the price hikes were sticking (AMM, April 11), buyers in the Northeast and South said they haven’t seen any price increases since the beginning of the year. ....
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