Steel Products Prices North America
June 30, 2015
SMU Price Ranges & Indices: Eerily Quiet...
Written by John Packard
The silence you hear is, we guess, the market on vacation… There was very little movement in flat rolled steel prices and lead times this week. We have price announcements, a coated trade case, union negotiations and now new trade language and the market is just absorbing it and continuing on as though everything is the same. At least that is how it feels when we talk to buyers out there. The weakest product is hot rolled coil which can still be gotten at one or two mills in two weeks or less. Coated products have been the most active, although we did not detect any changes in pricing this week.
Here is how we see spot flat rolled prices this week (all prices shown are in net tons which are equal to 2,000 pounds):
