Baosteel temporarily shuts nearly all US offices

Dec 18, 2013 | 03:34 PM | Catherine Ngai

Tags  steel, Baosteel, oil country tubular goods, OCTG, steel tarder, catherine ngai

NEW YORK — Baosteel America Inc. has temporarily closed all but one of its U.S. sales offices at a time of increasing regulatory and trade restrictions against imports of Chinese material.

Baosteel America’s president, Ming Ye, confirmed to AMM that earlier this year the company—a subsidiary of Baosteel Group Corp., China’s third-largest steelmaker—idled its Detroit office, which sources indicate was a major automotive hub; its Houston office, which specialized in energy products; and its specialty steels-focused Los Angeles office.....

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