Imported flat-roll steel market less than rosy

Jan 02, 2013 | 05:09 PM | Catherine Ngai

Tags  steel trader, importer, raw steel output, oversupply, steel buyers, flat-rolled, plate, cold-rolled Russia

NEW YORK — A weaker-than-expected outlook for the first quarter seems to be weighing down the imported flat-rolled steel sector, with traders and buyers reporting unchanged market conditions and little optimism on the first day back in the new year.

Traders and buyers had said in the final days of 2012 that they expected a pickup in import interest in January after a substantial second-half slowdown due to domestic oversupply and slack demand. But while some had hoped things would change in the new year, sources said Wednesday that initial optimism had somewhat waned.....

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