Prices for US flat-steel imports rise; fears of a correction loom

Prices for flat-rolled steel imports into the United States have jumped along with higher domestic prices and increased costs for foreign hot band.

American Metal Market’s price assessment for imported hot-rolled coil has increased to $820-880 per from $810-860 per ton previously.
That higher end of the price range represents Turkish material – inclusive of 25% Section 232 tariffs and applicable anti-dumping and countervailing duties – for September or October delivery to US ports, sources said.
“Turkey’s home market is heating up again… so the mills are pushing [prices higher],” one East Coast distributor source said.
Serbian material was said to be available at the same or modestly lower prices, perhaps because of quality issues, sources said.

Published

Michael Cowden

June 28, 2018

19:47 GMT

New York