SMU Flat Rolled Price Ranges & Averages: Change is in the Wind?

With the new pricing announcements we have gotten quite a mix bag of responses regarding flat rolled steel spot prices for this week. We have taken into consideration transactions, our survey results to date and offers which have been presented to buyers so far this week. By the time we went to publish we had not yet captured higher price offers on hot rolled coil from steel buyers. We did pick up some higher numbers on cold rolled and galvanized. We anticipate there will be change over the next few days and we will have more visibility when we produce new numbers next week.

If we see a quick move in one direction or another as the week progresses – we will adjust prices at that point in time and not wait until next Tuesday.