Steel Products Prices North America
December 6, 2015
Comparison Price Indices: Last Big Move?
Written by John Packard
Over the past few weeks we have seen major movement in flat rolled steel prices. The question now is have we seen the end of the major moves lower (some suggest hot rolled has a way to go since lead times are not yet into January at most mills) or do we have a way to go?
Steel Market Update picked up lower numbers on hot rolled, cold rolled and coated products this past week which were noted in our index pricing. We actually moved our hot rolled number twice during the week as we the number of offers below $360 hit our desks. However, the majority of the buyers are reporting hot rolled in the $350-$370 range but we are seeing numbers both above and below those numbers.
