Steel Products Prices North America
April 14, 2015
SMU Price Ranges & Indices: Is Market Bottoming?
Written by John Packard
There has been a “calming” to the market although that has not stopped the slow trickle lower we are seeing in flat rolled steel pricing. We saw hot rolled break through the $440 level although we were told by steel buyers that were able to get those kind of numbers the last $5 per ton was a bit of a fight and not everyone is at that level. At the same time we heard from multiple buyers that $440 seemed to be the everyday number for a few hundred tons of hot rolled.
We heard some glimmer of hope as business was reported as “good” or “steady” with most business segments. The negatives continue to be energy, agriculture and residential construction. Automotive was reported to be steady and commercial construction as improving.
