Steel Products Prices North America
September 17, 2013
SMU Price Ranges & Indices: Some Slippage
Written by John Packard
We noticed a little slippage in flat rolled steel prices over the past week. As one steel executive put it to SMU this afternoon, “Prices are in retreat – only at a snail’s pace.” One of our manufacturing sources told us that they had seen prices slip over the past two weeks, “We have seen quoted prices down about $10/ton over the last two weeks…There is also an increased willingness to discount freight and extras. Some mills are holding the price better than others. Outages at Severstal next month and some other supply constraints (SDI) will probably support prices in the short term.” Even with seeing slightly lower steel prices over the past two weeks our large manufacturing company told us their spot prices for hot rolled coil were in line with what we have been gathering elsewhere.
Here is how we see prices this week:
