Final Thoughts
February 11, 2015
Final Thoughts
Written by John Packard
Traders at the Port of Tampa Steel Conference told me hot rolled offers at in the $460 to $480 per ton range with little to no activity. It is not clear yet if the import offers will move lower from the $460 to $480 level. One trader told me that they were not taking any new orders and he was spending most of his time trying to keep the orders already on the books from being cancelled.
A Chicago area service center told SMU that Chinese cold rolled was being offered at $28.50/cwt delivered in the Chicago area for new orders.
