W. Coast buyers see foreign mills raising tags

Nov 20, 2013 | 05:11 PM | Frank Haflich

Tags  West Coast steel market, flat-rolled steel, steel imports, import prices, steel prices, Frank Haflich

LOS ANGELES — West Coast buyers of flat-rolled steel expect foreign mills to move for a price increase after remaining surprisingly competitive on early 2014 arrivals.

After seeing only slight increases, if any, for delivery in January and early February, buyers said it’s likely that offshore producers and traders might try to push through more significant hikes in the next round of offers.

Stiff import competition, along with demand from this region’s consuming industries that’s less robust than the Midwest, has prevented steel tags from rising at the same pace as markets east of the Rockies, according to some buyers.....

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