Prices in the United States for imported hot-rolled coil hovered near the same level seen two weeks ago, with foreign producers taking advantage of the wide spread between imports and domestic material to bolster US sales.
"Offers are as much as $400 per ton lower than domestic prices, with deliveries arriving in November and December," an East Coast distributor source said. "Yes, the foreigners are delivering steel within a three-month period. The US price could be one of the highest in the world, so why not export to the USA?" Fastmarkets' assessment for steel hot-rolled coil, import, ddp Houston was $1,500-1,560 per short ton ($75-78 per hundredweight) on Wednesday September 1, up by 0.66% from $1,500-1,540 per ton two weeks earlier...