China cold-roll tags dip but buyers still waiting

Mar 05, 2013 | 04:00 PM | Catherine Ngai

Tags  Chinese cold-rolled sheet, steel traders, steel prices, Commerce, Lunar New Year, catherine ngai

NEW YORK — Chinese cold-rolled sheet prices into the United States have started to pull back after a run up in the weeks leading up to the country’s Lunar New Year holiday in mid-February, but traders say the flat-rolled product is still a hard sell into the U.S. market due to a narrow price spread between domestic and foreign material.

"China is coming back down the hill again pricewise, but no one is making a big bet on imports right now," one steel trader said. "The prices aren’t as low as the September/October period ... and even though they’ve come down from where they were (before the Lunar New Year), they’re nowhere near where they were back in the fall."....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results

AMM Events