The price for importing hot-rolled coil steel into the United States reached a record high for the second time in June, with domestic buyers competing with increased global demand for flat-rolled products.
The volume of import offers has fallen in an already coil-starved US market, sources said."We have not seen any foreign HRC offers of late," a consumer said. "The Canadian and Mexican steel mills have also gone quiet on us." Fastmarkets assessed steel hot-rolled coil, import, ddp Houston at $1,600-1,650 per short ton ($80.00-82.50 per hundredweight) on Wednesday June 23, up 3.17% from $1,540-1,610 per ton on June 9 and the highest level on record since 1990.HRC offers from Turkey, Mexico...