LOS ANGELES The
West Coasts two major flat-rolled steel producers have
closed out their January order books for galvanized sheet,
according to market sources.
Industries Inc. (CSI), Fontana, Calif., told customers this
week it has achieved its "order capacity for galvanized
production and shipment" for January, although its
accepting orders for other flat-rolled products.
CSI also said it will
let customers know when its February order book is open.
Industries Inc. (UPI), Pittsburg, Calif., has not formally
announced the closing of its January galvanized rollings, an
industry source said they were closed about a week ago, and
about half of Februarys projected galvanized output has
already been booked.
carries the longest lead times for both mills, which produce
their flat-rolled products from outside feedstock, and
its not unusual for rollings to fill up early, although
not necessarily this early.
CSI imports primarily
imported slabs and UPI converts hot-rolled bands traditionally
supplied by its two joint venture partners, Posco Ltd. of South
Korea and Pittsburgh-based U.S. Steel Corp.
Steel buyers also
believe that a significant portion of CSIs galvanized
output in January represented tonnage that was originally
entered for December but was rolled over into January. CSI had
set a Sept. 23 deadline for orders through the balance of 2013.
(amm.com Sept. 18). A CSI representative couldnt
be reached for comment.
One buyer described
the January order closings as "a good sign" for galvanized
sheet, which is seen as the West Coasts strongest
Both mills earlier told customers they would raise
galvanized sheet prices by a minimum of $60 per ton effective
Nov. 4 (amm.com Nov. 4). Market sources said it looks
as if at least a portion of this increase will take hold.