Steel Products Prices North America
September 8, 2015
SMU Price Ranges & Indices: Quiet After Our Late Week Change
Written by John Packard
SMU adjusted our flat rolled price indices on Thursday of last week due to information we gathered after the conclusion of our Steel Summit Conference. We noted then that the market has been very slowly leaking, with the bottom of our hot rolled range hitting $420 per ton. One of the mills with which we spoke today reported their products were drifting lower by about $5 per ton per week as they struggle to keep their customers competitive.
Most customers are reporting that there are potentially cheaper options out there IF they had business to place. Inventories continue to be referenced as being inflated. We are seeing this in our market surveys and we are hearing this in the conversations we have with buyers around the country:
