US flat steel import prices flat to down

US flat steel import prices were flat to down in Fastmarkets' latest assessment, reversing course after hitting record highs two weeks ago.

"Import prices seem to be dropping," a trader source said.
Fastmarkets' assessment for steel hot-rolled coil, import, ddp Houston was at $1,620-1,640 per short ton ($81-83 per hundredweight) on Wednesday July 21, down by 2.09% from $1,650-1,700 per ton on July 7, which was the highest level on record since 1990.

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