Service Centers
April 3, 2016
Service Center Market Feedback from Week Ending April 1, 2016
Written by John Packard
We know our readers enjoy hearing comments from those with whom we speak on a regular basis regarding market trends and pricing. We have had an active week heading into the first full week of April so here are some of the things our readers and sources are talking about during the last week of March 2016.
From a Midwest based service center, “Spot prices as of my Feb 22 Update were $20.50/$28.00/cwt. Spot prices as of my Mar 20 Update were $23.00/$31.00, up $50/ton on HR and up $60/ton on CR/Galv. The 4th price announcement came in between these updates. There is little to no negotiating room and another price increase rumored.”
