W. Coast flat-roll hike puts buyers on standby

Jan 25, 2013 | 04:44 PM | Frank Haflich

Tags  steel, flat-rolled steel, steel prices, West Coast prices, California Steel Industries, CSI, USS-Posco, Frank Haflich

LOS ANGELES — West Coast mills have joined a nationwide movement to boost flat-rolled steel prices, but several buyers say they’re taking a wait-and-see stance.

California Steel Industries Inc. (CSI), Fontana, Calif., told customers this past week that it had raised cold-rolled and galvanized coil prices by $45 per ton and boosted hot-rolled coil prices by $30 per ton, while USS-Posco Industries Inc., Pittsburg, Calif., hiked cold-rolled, galvanized and hot-rolled picked and oiled coil by $45 per ton, according to market sources. Those increases were effective Jan. 24, the sources said. ....

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