Steel Mills
November 4, 2013
Key Price Driver for October: Solidarity
Written by John Packard
For the past couple of months Steel Market Update (SMU) has been writing about how supply constraints have helped keep flat rolled steel prices level to slightly rising. With the round of price increase announcements made at the beginning of the month of October, we have seen a new found resolve by almost all of the domestic mills to hold the line and collect higher prices.
This may be the result of new management at Severstal NA and at the top of U.S. Steel. The marching orders appear to have been well spelled out and as the month progressed spot prices did indeed rise.
