Steel Products Prices North America
June 23, 2015
SMU Price Ranges & Indices: Stagnant Market?
Written by John Packard
When asked to report on how steel mill pricing was this past week, one coating mill told Steel Market Update, “Really nothing. It wasn’t up, nor down in my opinion. We are booking steadily. But people still have inventory so nobody is desperate or in a bind. Good lead time but not enough panic to warrant strong moves.”
A very large steel service center group told SMU that the hot rolled market was “stagnant, it’s dead.” The head of procurement went on to say, “There is nothing to indicate that anything is going to change at any time soon… Inventories are high and lead times are short.” This individual also said, “OK demand doesn’t fill up a mill’s schedule or service center’s order book.”
