Service Centers
September 8, 2013
Service Centers Reporting Fewer Raising Spot Prices
Written by John Packard
Flat rolled steel service centers have moved away from pushing spot flat rolled price increases as they were at the beginning of July and then again at the beginning of August. Those reporting that their company was keeping steel prices the same grew from 23 percent at the beginning of August to 60 percent this past week. Those raising prices shrunk to 35 percent from 77 percent and for the first time in awhile we had a small percentage (5 percent) reporting that their company was lowering spot pricing to their customers.
