Import prices fall for Chinese cold-rolled sheet

Nov 08, 2012 | 04:53 PM | Catherine Ngai

Tags  Chinese cold-rolled steel, cold-rolled steel, steel, Chinese sheet, average unit value, sheet imports, steel traders, license applications Catherine Ngai

NEW YORK — Large amounts of Chinese cold-rolled sheet hit U.S. shores in October at their lowest prices in more than a year.

The average value of imported Chinese cold-rolled sheet was $682 per tonne in October, U.S. Import Administration data show, down 3.6 percent from the prior low of $708 in May. Prices appeared to be drifting lower this month, with data through Nov. 8 showing an average value of $645 per tonne.....

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