Steel Products Prices North America
May 24, 2016
SMU Price Ranges & Indices: Still Moving Higher
Written by John Packard
The domestic steel mills continue to walk prices higher with all flat rolled products except cold rolled moving up by double digits this week. We understand that at least one mill and perhaps more are trying to collect $880 per ton ($44.00/cwt) on cold rolled and coated products. But, we did not hear from any buyers that they were actually paying those kind of numbers.
As an aside, the tone of the market seems to be less hectic than what we were hearing from buyers over the past few weeks. Adjustments appear to have been made to accommodate the longer lead times. We are not seeing any evidence of panic buying at this time. This is not to say there aren’t companies out there looking to fill holes.
