US flat-rolled steel import prices edge lower, in line with global trend

摘要

Prices for imported flat-rolled steel have edged modestly lower in the United States due to lower prices abroad and despite higher offers from domestic mills. “Prices are under pressure in the rest of the world... With the virus and the cut in production and demand in China, these prices are doing to go down,” one trader source said in reference to the novel coronavirus outbreak (2019-nCoV) that has hammered steel prices in Asia and led to unprecedented volatility on Wall Street. US mills have to date brushed off the broader economic havoc with a push to increase domestic prices by $40 per ton.