Import sector may see ’13 turnaround: market

Nov 30, 2012 | 04:04 PM | Catherine Ngai

Tags  imports, AIIS, steel market, buyers, traders, flat-rolled, Catherine Ngai, Chris Prentice

NEW YORK — The steel import sector remains sluggish, although some market participants anticipate a stronger 2013, sources told AMM on the sidelines of the American Institute for International Steel’s 62nd Annual Dinner in New York.

The current difficulty is due to a lack of clarity regarding domestic price direction and too narrow a pricing spread between U.S. and foreign material to make buying imports with long lead times viable, sources said.....

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