Steel Products Prices North America
April 28, 2015
SMU Price Ranges & Indices: Waiting for a Bounce...
Written by John Packard
The domestic mills were beginning to make moves late last week to increase steel prices. Those efforts accelerated earlier today with the announcements out of ArcelorMittal USA (internal memo), Nucor (verbal & later in a letter to their customers), NLMK USA (letter to customers). These moves have, at least temporarily, halted the slide in flat rolled steel prices.
It is too early to spot any significant movement in pricing. Based on our channel checks most buyers have either already bought at last week’s numbers, still had open offers at last week’s pricing or are waiting to see what will happen as their supplier may have pulled offers off the table.
