Flat-roll import jump looms amid high US prices

Dec 17, 2013 | 12:03 PM | Corinna Petry

Tags  steel pricing, flat-rolled carbon sheet, steel imports, Corinna Petry

CHICAGO — U.S. buyers of flat-rolled carbon sheet have begun to take advantage of competitive offers from foreign producers and traders now that the United States has the highest prices of any market.

"The pricing spread has become bigger over the last couple of weeks," the purchasing executive for a national chain of warehouses said. "Imports have been ticking up in the last couple of months and that will pressure domestic prices beginning in February."

Several buyers have heard talk of another U.S. price increase effective in January as producers want to obtain $700 per ton on the spot market.....

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