17
Sep
19:10
Uncertain prices, freight spook US pipe importers
High ocean freight rates are biting into the US energy tube import market, but still-historic skelp pricing and the uncertainty that comes with it are what is really keeping imports at bay, Kallanish hears from market sources.
“Ocean freight costs are up big, but that’s not the reason import tonnage is weak - it’s courage,” says one Gulf Coast trader. “Most importers are afraid to go long at current prices.”
Kallanish mai…
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Anonymous
Very good overview of the weekly steel market.
Anonymous