Carbon steel report: May 2018
All Domestic Pipe mills have announced increases in the last 30 days. The range has been from $30 nt to $300 nt. Domestic activity remains strong with most customers accepting the fact of higher prices.
The import market should settle down after June 1 when the administration announces the exceptions to Section 232. By that time, Korea will figure out its quota distribution and see what, if any, tonnage they can ship for the remainder of this year.
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