Steel Products
February 13, 2013
SMU Price Ranges & Indices: Price Support Breaking Down
Written by John Packard
In one corner we have ArcelorMittal scratching and clawing and trying to hold on to at least a portion of their price increase. One week ago they were trying to collect $650. As the week progressed the number slipped a bit. This week…well, it slipped some more.
In the other corner we have a group of the other mills. As one buyer put it, “On a one by one basis all of them are willing to negotiate.” By how much will depend on the mill and the product.
