Prices for most flat steel imports into the United States have declined alongside falling domestic prices over the past two weeks, with exporters lowering offers in order to remain competitive.
But bookings have been spotty, sources said, noting that although the prices have lowered compared with two weeks ago, offer levels are still not convincing enough for US buyers to place orders for products that would not arrive until this autumn.Although demand has recovered to some extent, rising new cases of Covid-19 across the country, new supply from mills restarting furnaces and sharply lowered ferrous scrap prices have been dragging the market to...