Steel Products
January 23, 2013
SMU Price Range & Indices: Hot Rolled Falters at Low End
Written by John Packard
As was reported over the past week, Steel Market Update found a number of buyers of varying sizes able to purchase hot rolled coil below $600 in the spot market. We did not find every mill or every region participating in the erosion of the bottom end of our range. What we found is the major concentration of buyers were in the $600-$630 range but we could not ignore the lower numbers – many of which were reported to expire today due to the AK Steel price announcement.
Here is how we are seeing the flat rolled market prices this week:
