Trade Cases
August 16, 2015
Steel Buyers Not Yet Concerned about Trade Suits
Written by John Packard
It’s not every day that you get three flat rolled steel trade cases filed back to back to back. With the domestic steel mills clearly focused on removing as much hot rolled, cold rolled and coated steels from the market, we asked steel buyers for their opinions on what will happen from here?
Prices of flat rolled have been flat for a couple of months as benchmark hot rolled has bounced from $460 to $465 per ton with the SMU range currently at $440 to $480 per ton and our Price Momentum Indicator pointing at Neutral.
