Steel Products Prices North America
February 9, 2017
Foreign Steel: Getting Expensive
Written by John Packard
Even though the U.S. Department of Commerce is reporting foreign steel imports at high levels, imported steel is getting more expensive and, in some cases, getting harder to find.
SMU sources, both steel trading companies and buyers of foreign steel here in the United States, are expressing reservations about the future of foreign steel imports. This is not to say we should expect imports to move to zero but steel buyers should be prepared for tighter supplies of certain products and higher prices.
