Steel Products Prices North America
May 27, 2014
SMU Price Ranges & Indices: Tide Feels Like it is Changing...
Written by John Packard
The break for the Memorial Day Holiday here in the United States took some of the pressure off both buyers and sellers of steel as both sides regroup and begin to look at July and beyond flat rolled steel pricing.
One steel mill executive told us that they were seeing downward pressure on their mill regarding future spot pricing on flat rolled, “Same for now, but feeling pressure to move down. July ‘might’ be a rollover, but it feels like the bad guys will make inroads [foreign steel]. It seems like customers are negotiating with more confidence. They may not have all their import tonnage on hand due to late shipments or port terminal congestion, and they have short term holes to plug, but looking two months out they are more confident that they should get a price break.”
