Buyers greet sheet increases with skepticism
Mar 20, 2014 | 05:28 PM
| Frank Haflich
LOS ANGELES The moves by some West Coast steelmakers this week to increase flat-rolled steel prices by $40 per ton ($2 per hundredweight) have divided buyers into two camps.
Some buyers think there is a chance for a portion of the increases to take hold, while others dont expect an increase to stick in a market where imports have not shown any meaningful price hikes.
USS-Posco Industries Inc., Pittsburg, Calif., said in a letter to customers that it would raise base prices by a minimum of $40 per ton on hot-rolled pickled and oiled, cold-rolled and galvanized sheet effective March 18. Subsequently, Fontana, Calif.-based California Steel Industries Inc. increased its transaction prices on hot-rolled, pickled and oiled, cold-rolled and galvanized sheet by a minimum of $40 per ton (amm.com, March 19). ....
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