Minimum prices for imported Russian hot-rolled steel will fall
2.9 percent across the board in the first quarter of 2014, the
fifth consecutive quarterly decline under the amended
Minimum prices for
commercial- and structural-quality steel will drop to $523.52
per tonne from $538.94 per tonne in the Jan. 1 to March 31
period. High-strength low-alloy steel will fall to $575.87 per
tonne from $592.83 per tonne in the same comparison, while
high-grade coil and sheet for pipe and casing will fall to
$670.10 per tonne from $689.84 per tonne, according to the U.S.
Commerce Departments Enforcement and Compliance
The lower minimum base prices come at a time when domestic
mills continue to hold steady on higher pricing (
amm.com, Dec. 6), which could provide more
opportunity for traders to bring in foreign hot bands.