Service Centers
May 12, 2015
Service Center Spot Prices Starting to Break Out of Slump
Written by John Packard
For the first time in many months we have seen a break in spot market steel pricing coming out of the service centers. Manufacturing companies have been reporting to Steel Market Update via our flat rolled steel market questionnaire for a number of months that service center spot prices were falling. In the survey just completed this past week, we saw a break in that 10 percent of the manufacturing companies picked up on higher flat rolled steel prices being offered.
This is the first time during this calendar year where any manufacturing company has reported distributor spot prices as rising.
