US flat steel imports remain uncompetitive; prices mixed

July 24, 2020 / www.metalbulletin.com / Article Link

While prices for certain flat steel imports into the United States have dropped again, moving in tandem with lower domestic pricing, other products have remained resilient on pricing because of improved steel demand in other parts of the world.

Fastmarkets received only a limited inputs for foreign flat-rolled products over the past two weeks, because sources said that the weak steel market in the US has kept most buyers away from any imports.
Sources projected that ferrous scrap prices in the US will continue to go lower in the coming months and drag flat-rolled prices down as well, since scrap is the primary feedstock for electric-arc furnace (EAF)-based flat-rolled steel producers.

At the same time, others said that countries that have been top suppliers to the US - such as South Korea - are less likely to match the cheap domestic prices given strong business...

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