China cold-rolled wave hits US, more expected

Dec 19, 2013 | 05:22 PM | Catherine Ngai

Tags  China steel, cold-rolled, Port of Houston, traders, steel imports, Catherine Ngai

NEW YORK — Large volumes of imported flat-rolled steel have begun to hit U.S. shores, and buyers and sellers predict increasing volumes through the first half of 2014.

With U.S. steelmakers holding the line on a number of price increases in recent months, the disparity between domestic and import prices has continued to widen.

Market sources estimated this week that the price differentials for hot-rolled and cold-rolled sheet are around $100 per ton in many cases, with some coated and painted products even hitting the $200-per-ton mark.....

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