US hot-, cold-rolled coil import prices climb further

Prices for imported hot-rolled and cold-rolled coil in the United States climbed to new all-time highs over the past two weeks, with US consumers competing with other buyers to purchase limited material.

"There is not a lot of supply anywhere," a consumer said. "I'm not interested in the imports that are available because they are too expensive."
Fastmarkets' assessment for steel hot-rolled coil, import, ddp Houston was at $1,300-1,360 per short ton ($65-68 per hundredweight) on Wednesday April 28, up by 3.10% from $1,260-1,320 per ton on April 14 and the highest level on record since 1990.

Exports from South Korea, Canada and Mexico can be competitive with material from US mills because they are...

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