W. Coast still receiving China cold-roll offers

Aug 27, 2014 | 06:31 PM | Frank Haflich

Tags  steel, cold-rolled, galvanized, China, New Zealand, South Korea, 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 won’t be buying much imported material due to land in 2014 or even January of next year.....

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