SMU Data and Models
May 13, 2014
Price Increase Announcements Expected But Prices to Move Sideways from Here
Written by John Packard
Flat rolled steel buyers and sellers of steel have split personalities–believing the domestic steel mills will officially raise prices to the $700 level on hot rolled while at the same time believing that prices will essentially trend sideways from here between now and the first of June.
Last week Steel Market Update conducted our early May flat rolled steel market analysis. We invited approximately 600 companies, most being in the manufacturing or distribution segments of the market, to participate. We have been conducting these surveys twice per month since late 2008, shortly after SMU was formed as a company and began offering our newsletter to the public.
