Steel Products
March 8, 2013
Does This Price Increase Stand a Better Chance than the Last One?
Written by John Packard
SMU asked those taking this week’s steel survey if the latest price announcement stood a better chance of having at least some of the increase being collected than the one announced six weeks prior. We presented the percentages in our last issue of Steel Market Update (SMU 3/6) and now we would like to provide a few more of the almost 60 comments we received on this one topic alone:
“Demand just isn’t there yet, if mills don’t get orders they will start cutting deals again, then everything starts over. Service centers are not helping the market either when they continue to offer pricing lower than the mills.” – Manufacturing Company (building products)
“Not enough demand to support the price increase. Perhaps it will fly in the August time frame.” – Manufacturing Company (agricultural products)
