W. Coast flat-rolled tags may have hit bottom

Jul 18, 2014 | 04:24 PM | Frank Haflich

Tags  steel, flat-rolled, West Coast, California Steel Industries, CSI, UPI, USS-Posco, Frank Haflich

LOS ANGELES — Flat-rolled steel prices may have hit bottom on the West Coast as buyers speculate on the possibility of trade cases and price increases.

Local prices for domestic hot-rolled coil are estimated at $33 to $34 per hundredweight ($660 to $680 per ton) f.o.b. mill for medium to large service centers, with end-users and other large consumers about $1-per-cwt ($20-per-ton) lower. While this represents a decline of about $1 per cwt ($20 per ton) from a month to six weeks ago, rumors of impending trade filings by domestic steelmakers have convinced some buyers that prices may not decline further.....

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