W. Coast flat-rolled prices look set to rise

Dec 06, 2013 | 05:28 PM | Frank Haflich

Tags  steel, flat-rolled sheet, West Coast steel, USS-Posco Industries, California Steel Industries, sheet imports, price increases, Frank Haflich

LOS ANGELES — Flat-rolled steel prices on the West Coast appear poised to rise, but the size of any increase could still hinge on the success of imports achieving pricing gains.

January prices are generally flat vs. the fourth quarter for West Coast-produced material despite increases implemented east of the Rockies. This has increasingly turned some buyers in the region, who were purchasing a portion of their requirements from the Midwest, toward imports.

"There are no deals back East today," a California buyer said of delivered prices for flat rolled made east of the Rockies.....

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