Most US flat steel import prices inch up; plate flat
The United States' flat-rolled import market is mixed, with prices for imported hot-rolled coil, cold-rolled coil and galvanized sheet inching up while those for plate are steady - although the material from abroad has failed to entice domestic buyers.
“Imports, just forget it. [Hot-rolled coil from Mexico] isn’t attractive at all, it’s pretty much the domestic price,” a US steel distributor source said. “The Mexican market seems to be relatively strong, which kind of works against them from the anti-dumping standpoint.”
A revision to the United States-Mexico-Canada free-trade agreement (USMCA), signed on Tuesday December 10, has drawn support from various US metals industry bodies, including steel.
“People were operating under [the USMCA agreement] before it became official,” the steel distributor said. “I think it’s a good thing that it might give some manufacturers peace of mind, correction and some stability.”