Steel Products Prices North America
June 9, 2015
Manufacturers Report Distributor Spot Prices as Mixed Bag
Written by John Packard
Twice per month Steel Market Update asks both manufacturing companies and service centers/wholesalers to weigh in on the subject of service center spot price offers. In the survey concluded on Thursday of this past week, with most responses having been locked in prior to the dumping suit announcement, we found manufacturers reporting mixed results. Thirty-eight percent of the manufacturing community reported service center spot prices as declining. Only 14 percent of the manufacturers reported prices as rising.
This is an improvement from what the manufacturing companies were reporting all through the first 4.5 months of this calendar year. During that time frame, the manufacturers were reporting lower spot prices with percentages running from 70 percent to 91 percent.
