Steel Mills
December 11, 2014
US Steel Coaxes Salesforce to Increase Flat Rolled Steel Pricing
Written by John Packard
US Steel is trying to raise flat rolled steel prices as lead times on hot rolled, cold rolled and galvanized slip into the 1st Quarter 2015. The General Manager of North American Flat-Rolled Marketing at US Steel sent an internal memo to the General Managers of Sales for the mill regarding current market conditions and the status of the US Steel $20 per ton flat rolled price increase which was announced at the end of October 2014.
The letter was quite unusual in that it admitted flat rolled spot prices have retreated in recent weeks:
