W. Coast steel sheet tags fall on ample supply
Apr 09, 2013 | 04:21 PM
| Frank Haflich
LOS ANGELES Flat-rolled steel prices are falling on the West Coast on what appears to be ample domestic supply from mills both inside and outside the region.
Hot-rolled coils delivered in this market from domestic mills have declined about $20 per ton during the past month to a reported $640 to $660 per ton ($32 to $33 per hundredweight) for medium to large service centers.
The decline is seen as being driven more by pricing from domestic mills east of the Rockies rather than by such foreign sources as South Korea and Mexico, whose prices in recent months have become less attractive to some buyers. How soon offshore mills might react to their diminishing competitiveness isnt clear. ....
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.