US, imported steel price gaps seen correcting

Jun 19, 2014 | 04:31 PM | Frank Haflich

Tags  steel imports, China, steel, hot-rolled coil, hot-rolled bands, cold-rolled, James Barnett, Grand Steel Products Peter Marcus

NEW YORK — Big spreads between U.S. and world steel prices must eventually correct, according to U.S. distributors.

The differentials—such as the more than $280-per-tonne spread between domestic and Chinese hot-rolled coil—cannot be sustained indefinitely, distributors said during a panel discussion at the Steel Success Strategies XXIX conference in New York sponsored by AMM and World Steel Dynamics Inc. (WSD).....

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