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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