Steel Products Prices North America
March 31, 2014
March Monthly Pricing Recap
Written by John Packard
March was the month that saw the bottom to the flat rolled steel pricing cycle and signs of the first bounce as prices began moving higher. We are finding our monthly analysis of pricing fascinating as many become consumed by the weekly numbers and forget the bigger picture. Weekly gyrations many times equal little change in the long run and that was the case during the month of March.
The month began with benchmark hot rolled coil averaging $635 per ton and by the end of the month the average was $5 per ton lower. During the course of the month we saw hot rolled prices dip to a low of $620 per ton before bouncing back to the $630 per ton level.
