US hot-rolled coil import prices dropped in Fastmarkets' latest assessment, while prices for imported cold-rolled coil and galvanized sheet simultaneously climbed to record highs.
"It seems that every country wants to sell to the US right now," an East Coast trading source said. "Of course the Turks, but also Vietnam, Indonesia, Malaysia, etc. Furthermore, a few of these countries have material for October shipment." Fastmarkets' assessment for steel hot-rolled coil, import, ddp Houston was at $1,600-1,630 per short ton ($80.00-81.50 per hundredweight) on Wednesday August 4, down by 1.52% from $1,620-1,660 per ton two weeks earlier. The price reached a record $1,650-1,700 per ton on July 7.Confirmed deals, deals heard and offers from Turkey, Germany, Vietnam, Egypt, South Korea and Mexico were included in this assessment, with...