Long products market eyes Panama trade deal

Oct 29, 2012 | 12:52 PM | Catherine Ngai

Tags  Panama free-trade agreement, steel, long products, rebar, structural steel, Catherine Ngai

NEW YORK — The U.S.-Panama free-trade agreement set to go into effect Wednesday will help domestic steelmakers gain access to a new market, sources say.

"Panama has been a pretty solid consistent market in regard for steel exports," David Phelps, president of the American Institute for International Steel, told AMM. "It’s small—not a big country and not a big export destination—but the elimination of the duties on steel imported into Panama will clearly have a beneficial effect."....

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