Steel sheet price hikes said to attract imports
Nov 08, 2013 | 05:13 PM
| Catherine Ngai
NEW YORK Steel sheet price increases from at least two U.S. mills has made some wary about the potential for larger volumes of imports in the first quarter, sources said.
With the higher numbers, traders said business could be looking up.
"The coated number hit the big four, which means theyre killing the golden goose. But this was inevitable," one trader said of the recent price increases.
Severstal North America Inc., Dearborn, Mich., on Nov. 7 announced a price increase that set hot-rolled coil prices at $35 per hundredweight ($700 per ton), and cold-rolled and hot-dipped galvanized coil at $40.50 per cwt ($810 per ton) effective 8 a.m. Central time Nov. 11. AK Steel Corp., West Chester, Ohio, followed later Nov. 7, immediately increasing its spot market base prices for all carbon flat-rolled products by $30 per ton (amm.com, Nov. 7). ....
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.