Flat-rolled steel import market reports uptick
Nov 14, 2012 | 04:05 PM
| 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. Weve definitely seen a slight uptick in orders," one trader said. "Were seeing some interest on certain productslike cold-rolled and galvanized, and even some platebut 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.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.