Imports still a key factor in W. Coast flat-roll

Nov 05, 2013 | 06:35 PM | Frank Haflich

Tags  flat-rolled steel, West Coast steel, UPI, CSI, USS-Posco Industries, California Steel Industries, South Korea sheet, Chinese steel Vietnam flat-rolled steel

LOS ANGELES — West Coast flat-rolled steel producers are expected to have their hands full pushing through recently announced price increases as imports continue to wield a strong influence in the region.

Stiff competition from such key offshore sources as South Korea and China are expected to continue putting pressure on the West Coast’s two leading producers, who this week announced price increases of $40 to $60 per ton, generally for delivery after Jan. 1. But a few large buyers have already moved into January, relying heavily on foreign mills, except where they could roll over their earlier pricing from domestic mills.

"I’ve already made my deals" for January, according to one manufacturer who placed a substantial amount of business overseas.....

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