Steel Products Prices North America
November 10, 2015
SMU Price Ranges & Indices: It's a Long Slippery Slope
Written by John Packard
Flat rolled steel prices continued their months long swoon as steel buyers confided in Steel Market Update that lower prices/offers are available for those who actually have tonnage to sell. One service center executive told us today, “We are getting offers for HR at around the $360NT price. I see a lot of material still floating around and prices keep getting lower each day. Customer demand is remaining weak with little inquiries for new items. Small releases at a about half of what was released last year this time. Most people are extremely cautious and even when we have come across some great buys, in this market, we are having difficulty getting anyone to bite on them.”
A large end user told us today that the $18.00/cwt-$18.50/cwt base prices are available for just about all the mills and that they were not placing any foreign orders, “I haven’t looked at the import numbers because I just don’t have tons to buy from them.”
