Offer of structural shapes rattles market
Oct 15, 2013 | 03:42 PM
| Frank Haflich
LOS ANGELES Six years after a controversy over Chinese structural steel tubing hit U.S. shores, market sources wonder what kind of reception an aggressively priced offer of more than 1,600 tonnes of structural shapes is receiving in three major U.S. import markets.
Hot-rolled angles priced substantially below domestic levels were first offered last month by an East Coast importer, according to sources, who said the initial shipment was due to arrive in Houston on Oct. 1 and subsequent shipments are scheduled to arrive in Long Beach, Calif., and Philadelphia in November.
For many structural buyers the country of origin is a problem. While it wasnt identified in the offering, industry sources said they have been told the material is from China, whose reputation in structurals continues to suffer from an earlier scandal over allegedly substandard product.....
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