Steel Products Prices North America
March 10, 2015
SMU Price Ranges & Indices: Another Bump in the Road to the Bottom
Written by John Packard
Last week the pace of the decline in flat rolled steel prices was relatively modest, most being in the single digits and in some cases there was no decline in our averages at all. There was some talk about “the bottom” of the market around the industry but, the inventory over-hang was just there and lead times remained short. As we moved into the end of the week and into the first two days of this week, prices began to move once again. As one steel buyer put it to us earlier today, “It’s more of the same. If you got big tons you are going to get more this week than last week.”
That is exactly what we have seen as we moved around the country talking to steel buyers about the latest flat rolled steel prices.
