Buyers greet sheet increases with skepticism

Mar 20, 2014 | 05:28 PM | Frank Haflich

Tags  steel, flat-rolled coil, West Coast, USS-Posco Industries, California Steel Industries, hot-rolled, pickled and oiled, cold-rolled galvanized sheet

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 don’t 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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