SMU Price Ranges & Indices: Not Enough Movement to Make Changes

As we made our rounds over the past few days we found a number of the smaller mills who had not yet announced price increases and were continuing to collect orders at the previous prices. We also found a few instances of larger mills continuing to collect prices at the lower end of our scale either at pre-agreed to pricing prior to the increase announcements or for “other” reasons.

AK Steel, in their conference call with analysts would only say regarding current spot prices, “…prices are trending higher, but not moving as quickly as we’d like them to be going, we’re now certainly north of $600 a ton which is a better place than we’ve been recently.” Quite an interesting admission by AK Steel.