W. Coast mills, buyers haggling over prices

Jun 06, 2013 | 05:19 PM | Frank Haflich

Tags  steel, flat-rolled, cold-rolled, hot-rolled, pickled, oiled, galvanized, CSI UPI

LOS ANGELES — West Coast steel buyers and mills continue to bargain following a recent round of announced price hikes, but producers are seen achieving at least a limited degree of success in the face of continuing competition from imports.

"It will probably take a week or so before we settle," a service center buyer said.

Both of the West Coast’s major flat-rolled producers—California Steel Industries Inc. (CSI), Fontana, Calif., and USS-Posco Industries Inc. (UPI), Pittsburg, Calif.—told customers they were raising prices by $2.50 per hundredweight ($50 per ton) effective May 24 (amm.com, May 28). CSI’s increase was on hot-rolled, pickled and oiled, cold-rolled and galvanized sheet, while UPI raised tags on hot-rolled pickled and oiled, cold-rolled and galvanized product. The moves followed similar announcements from steelmakers....

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