US, imported steel sheet prices diverge

Aug 29, 2014 | 03:43 PM | Michael Cowden

Tags  steel prices, steel sheet, hot-rolled coil, cold-rolled sheet, coated sheet, Michael Cowden

CHICAGO — Domestic and imported steel sheet prices moved in opposite directions this past week as potential trade actions sent some traders scrambling for new suppliers while domestic steel buyers questioned the sustainability of current price levels.

On the domestic front, AMM’s price assessment for hot-rolled coil dipped to $33.50 per hundredweight ($670 per ton) from $33.75 per cwt ($675 per ton), while cold-rolled product was unchanged at $39.50 per cwt ($790 per ton).

On the import side, AMM’s assessment for hot-rolled coil widened to $600 to $640 per ton ($30 to $32 per cwt) from $600 to $620 per ton ($30 to $31 per cwt) previously, and cold-rolled coil jumped to $680 to $720 per ton ($34 to $36 per cwt) from $650 to $680 per ton ($32.50 to $34 per ton) previously.....

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