China cold-rolled offers below US prices
Sep 05, 2012 | 05:55 PM
| Catherine Ngai
Tags
Chinese cold-rolled sheet,
steel prices,
anti-dumping,
Commerce Department,
Import Administration,
steel imports,
Catherine Ngai
NEW YORK — Chinese offer prices for cold-rolled sheet have become increasingly competitive, with market sources reporting that material can be obtained at a discount to domestic product, including typically lower-priced hot-rolled sheet.
Sources pegged transactions for Chinese material into the Northeast at $650 to $665 per ton, around 15 percent below the U.S. f.o.b. Midwest mill price of $775 per ton and as much as 3 percent lower than $670 per ton for U.S. hot-rolled sheet, which traditionally is roughly $100 per ton cheaper than cold-rolled sheet.....
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