Flat-rolled steel import market reports uptick

Nov 14, 2012 | 04:05 PM | Catherine Ngai

Tags  steel traders, flat-rolled steel, hot-rolled coil, cold-rolled coil, medium plate, carbon plate, imported steel, Catherine Ngai

NEW YORK — The flat-rolled steel import market is seeing a slight pickup in activity, aided by rising domestic prices and first-quarter contract orders, market participants told AMM.

"Business seems to be slowly on the rebound. We’ve definitely seen a slight uptick in orders," one trader said. "We’re seeing some interest on certain products—like cold-rolled and galvanized, and even some plate—but things are moving slowly, and there are still people who are very, very nervous."

A number of domestic mills have raised prices by $40 and $50 per ton in recent weeks in response to increased raw material costs (amm.com, Nov. 7). With higher domestic prices, the overall pricing benchmarks have moved up, traders said.....

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