Steel Products Prices North America
April 10, 2014
Secondary Steel Prices Surging as Supply Tightens
Written by John Packard
Service centers and steel brokers within the secondary (non-prime) segment of the flat rolled industry are advising Steel Market Update that prices on secondary are rising just as quickly as prime. Production problems at a number of mills, coupled with logistics problems holding back shipments from some mill locations, has helped tighten inventories of vanilla type products (base gauges, non-exotic steels).
One broker advised Steel Market Update this afternoon, “Everybody is up on their prices. The mills are trying to pull the bar up to whatever the market will bear.”
