Hot-rolled imports halt as cold-rolled flows in
Jun 12, 2013 | 02:14 PM
| Catherine Ngai
NEW YORK Traders selling foreign hot-rolled steel into the U.S. market are hoping that the recent price increases by U.S. mills, coupled with domestic labor issues and outages, will revive the lackluster importing sector.
But with buyers continuing to cite long import lead times, with delivery into the fall, and little incentive to buy foreign when domestic prices are hovering around the $600-per-ton mark, import business has nonetheless continued to be difficult.
"For us flat-rolled traders, were all dead in the water. The importing business has been so dull lately; theres just no zip," one trader said. "If hot-rolled gets tighter and prices climb, maybe there will be a glimmer of hope."....
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.