SMU Data and Models
December 22, 2013
Service Center Spot Prices Peaking?
Written by John Packard
Manufacturing companies are beginning to report a fracture within the service center ranks. In our latest steel market analysis conducted last week, 12 percent of the manufacturers reported decreasing spot flat rolled prices from their service center suppliers. This is up from 4 percent measured at the beginning of December which was up from zero percent in early November.
The percentage of service centers reported to be raising prices shrunk from 65 percent at the beginning of the month to 42 percent now.
