Steel Products Prices North America
January 5, 2016
SMU Price Ranges & Indices: Numbers Tweaked as Market Waits for What Comes Next
Written by John Packard
We saw very modest movement in flat rolled steel prices since we last reported prices on Tuesday, December 29th. With most buyers and steel mill commercial people on holiday our new flat rolled market analysis picked up some movement at the upper end of our range in hot rolled, a reduction of the lower end of the range on cold rolled, with both the upper and lower ends of the range adjusted on galvanized and Galvalume remaining the same.
Buyers are reporting that a portion of the price increase has been collected and we will have to wait and see whether there is enough strength in demand to keep lead times moving and embolden the mills to go for a second round of price increases. The expectation by the buyers is that they will (see separate article in this issue).
