Steel Products Prices North America
July 14, 2016
Traders Point to Vietnam & Turkey as Price Leaders for Cold Rolled into USA
Written by John Packard
Steel traders have not been shy about pointing at Vietnam and Turkey as the leaders for cold rolled export pricing into the United States. Since the antidumping suits were filed against China in particular, first Vietnam and then Turkey have been quick to offer cold rolled into the United States and are building market share.
As you can see by the graph below provided by the U.S. Department of Commerce, Vietnam was a non-factor in the United States cold rolled market. In May and June Vietnam shipped 36,000 net tons (graph below is in metric tons) and was the single largest exporter of cold rolled to the U.S. during this time period. The graph below has data through the 6th of July. As of July 12th Vietnam was on pace to ship more cold rolled to the United States in July than it did in May and June (based on license data).
