Flat-rolled steel imports slow to trickle
Jun 29, 2012 | 03:37 PM
| Catherine Ngai
NEW YORK The flat-rolled steel import market continued to drag its feet this past week as would-be buyers showed little interest in foreign material in a declining domestic market.
"Business has been really slow. Were booking a little bit on the West Coast, but buyers are unwilling to buy (foreign) when the domestics are near or at the bottom," one trader said. "Its been difficult."
Domestic flat-rolled prices have fallen steadily in recent weeks as many customers continue to buy on an as-needed basis as they await a pricing floor. As a result, traders have reported little interest and even fewer sales for foreign steel now available for October delivery.
"The last three months have been slow for sheet (imports). It hasnt tanked, but its not getting any better," the trader said.....
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