Steel Products Prices North America
January 20, 2016
SMU Price Ranges & Indices: Prices Move Higher
Written by John Packard
The domestic steel mills announced a new round of price increases earlier this month. Steel prices are responding by moving higher, at least by a portion of the second increase. We are hearing from our sources that the mills have been able to collect $40-$50 or essentially all of the first price increase by this point in time. Now we will see if the mills have enough demand and desire to move prices higher from here. At this time, it is our opinion that momentum is on the side of the domestic steel mills and we will talk about this more in the coming days (as well as potentially challenges the mills have on moving prices too high, too fast).
Based on the results of our flat rolled steel survey begun on Monday morning of this week here is how we see spot flat rolled prices this week (all prices shown are in net tons which are equal to 2,000 pounds):
