W. Coast still receiving China cold-roll offers
Aug 27, 2014 | 06:31 PM
| Frank Haflich
LOS ANGELES Offers of Chinese cold-rolled steel continue to trickle into the West Coast as buyers turn their attention to possible alternative offshore sources if a rumored trade complaint is filed.
Although certain large trading companies, wary of trade action by U.S. mills that could leave them liable for sanctions, are reportedly suspending offers of Chinese cold-rolled. Quotes, estimated at $630 to $640 per ton ($31.50 to $32 per hundredweight), have continued to arrive for commercial-quality coil to be delivered late this year or early in 2015.
But rumors of an impending trade case against cold-rolled and coated imports have already spurred several buyers to fill their overseas requirements through the remainder of the year, and most indicate they wont be buying much imported material due to land in 2014 or even January of next year.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.