West Coast sheet prices inch higher

Aug 17, 2012 | 03:53 PM | Frank Haflich

Tags  flat-rolled steel, West Coast, CSI, UPI, Frank Haflich

LOS ANGELES — Domestic flat-rolled steel prices continue to edge up on the West Coast despite stiff competition from abroad.

The region’s two major flat-rolled producers—Fontana, Calif.-based California Steel Industries Inc. and Pittsburg, Calif.-based USS-Posco Industries—have not formally issued an industrywide September price increase announcement. However, sources report the mills have nonetheless started pushing for higher prices when they sit down with customers to sign new spot deals.

"We’re negotiating with everybody," said a mill source of September business.....

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