SMU Data and Models
September 17, 2014
SMU Price Ranges & Indices: Market Waits to See What Will Consolidation Bring?
Written by John Packard
Spot prices remained stable this week as steel buyers wait to see how the absorption of Severstal by AK Steel and Steel Dynamics will affect the marketplace. It is anticipated that it could take 3-4 weeks before we get a clear indication as to how the commercial departments for each mill will integrate the former Severstal employees into their operations.
Here is how we are seeing flat rolled steel prices this week:
