Steel Products
January 23, 2013
Manufacturers Report Service Center Spot Prices as Being Stable
Written by John Packard
An overwhelmingly majority of manufacturers reported service center spot prices as “stable” according to the results of our survey conducted this past week. A full 85 percent of those manufacturing respondents taking our mid-January survey reported no change in spot prices from their service center suppliers. This is an increase of 18 percent compared to the beginning of January while those reporting decreasing prices rose slightly from 8 percent to 11 percent and those reporting rising prices dropped from 25 percent to 4 percent.
As you can see from our graphic below, times of pricing tranquility are few, short and far between…
