Steel Products Prices North America
June 2, 2015
SMU Price Ranges & Indices:
Written by John Packard
When speaking to buyers and sellers of flat rolled steel this week, one theme became abundantly clear: everyone is waiting for trade cases and, second, where scrap prices will end up for the month of June. Both are expected to support a further tightening of steel prices. Scrap is expected to rise anywhere from $10 to as much as $30 per gross ton depending on region and product. Trade case rumors continue to persist with one service center advising SMU this evening that he was “99.9%” sure that coated trade cases will be filed on Wednesday of this week. We will wait to see what tomorrow brings.
We have heard from other sources that “Thursday” will be the day. The sources are coming from different segments of the industry so perhaps there is an element of truth to the rumors. Any announcement would tighten up flat rolled prices and set the stage from new increase announcements.
