Steel Products Prices North America
April 28, 2015
Steel Buyers React to Mill Price Increases
Written by John Packard
Late last week one of the smaller mills (North Star Bluescope) not known to cold rolled and galvanized buyers since they only produce hot rolled coils, began moving spot prices higher. One of NS customers advised us toward the end of the week that the mill was looking for $465 per ton ($23.25/cwt) for new spot orders. This was a harbinger of what was to come as lead time improvements have been seen at most of the steel mills over the past few weeks.
Then late last night and during the day today (Tuesday) the flow of price announcements, both verbal and in writing, began.
