SMU Data and Models
January 12, 2014
Steel Buyers Survey: Prices Will Move Sideways by February
Written by John Packard
The majority of flat rolled steel buyers and sellers taking our most recent Steel Market Update (SMU) survey are reporting that they expect that domestic steel mills will be able to collect their most recent price increase within the first two full weeks of January.
According to our survey results, 54 percent of those responding to last week’s survey believe the domestic steel mills will be able to collect the most recent $20 per ton ($700 per ton hot rolled and $40.50/cwt minimum base prices on cold rolled and coated plus extras).
