SMU Data and Models
January 25, 2015
SMU Survey: Buyers & Sellers of Steel Expect Prices to Erode Further
Written by John Packard
One of the questions asked during last week’s Steel Market Update (SMU) flat rolled steel market survey was, where do you think benchmark hot rolled prices will bottom in the current cycle? Last week HRC average was $570 per ton (survey began before our index average adjusted to $560 per ton).
The responses ranged from a high of $570 (2 percent) to a low of $490 (3 percent) with the weighted average being $538 per ton.
