Product

January 4, 2013
Chinese Trade Data for November
Written by John Packard

Product

January 4, 2013
Written by John Packard

The World Cup only comes around every four years. So let's take a walk down memory lane to see where the steel market stood four years ago.
A major trade case finalized late last year, along with higher Section 232 tariffs, account for the reduced imports.
Steel mill lead times extended this week on both sheet and plate products, now at multi-year highs.
Some domestic spot market buyers say they're seeking imported hot-rolled (HR) coils.
One possible reason for the lull in activity is the ambiguity of the tariff treatment of Brazilian pig iron following an announcement last week from the Office of the US Trade Representative (USTR) about Section 301 tariffs.