Supply disruptions, prices may lift import mart
Apr 07, 2014 | 03:09 PM
| Catherine Ngai
NEW YORK The U.S. steel import market could see a slight boost due to recent domestic supply disruptions, although traders stressed that the impact could be short-lived since those issues are expected to be resolved in the coming weeks.
However, much of the trickle-down effect for the foreign market will largely depend on how so-called pent-up demand and nonresidential construction will pick up as the weather warms up, they said, adding that mills holding the line on higher pricing will be key.
AK Steel Corp. raised minimum base prices on hot-rolled coil to $700 per ton ($35 per hundredweight) effective immediately, the West Chester, Ohio-based producer said April 7. The move followed hikes by three producers last week due to supply disruptions (amm.com, April 4). ....
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