Service Centers
March 9, 2014
Manufactures Report Service Centers Dropping Spot Steel Prices
Written by John Packard
Steel Market Update saw the percentage of manufacturing companies reporting steel service center flat rolled steel spot prices as declining increase from 20 percent in early February to 54 percent at the beginning of March.
This past week Steel Market Update (SMU) conducted our early March analysis of the flat rolled steel markets. This is something we do twice per month, inviting slightly fewer than 600 companies to participate. We are able to segregate our respondents by industry and 44 percent of the respondents were associated with manufacturing companies, 40 percent with service centers/wholesalers, 6 percent were trading companies, 4 percent (each) steel mills and toll processors and 2 percent were suppliers to the steel industry.
