Steel Products Prices North America
May 6, 2014
SMU Price Ranges & Indices: HR and CR Increase, Coated Unchanged
Written by Brett Linton
Pressure continues on flat rolled steel prices as we saw gains on hot rolled and cold rolled while galvanized and Galvalume remained the same as one week ago. The issue on the coated products and cold rolled to a lesser degree, has been imported steel which is impacting the southern states in two ways. First, from direct sales into Houston, New Orleans and Savannah and second, the foreign hitting the West Coast is pushing some West Coast products into other areas of the country.
Most domestic mills continue to be confident that prices will at least maintain current levels. Our hot rolled average did rise by $10 per ton over where we saw prices one week ago as we saw gains at both ends of the range.
