Steel Products Prices North America
June 21, 2016
Service Centers Support for Higher Spot Prices Shifting?
Written by John Packard
Manufacturing companies reported steel service center spot prices as continuing to rise this past week. Seventy-eight percent of the manufacturing companies responding to our mid-June flat rolled steel market trends questionnaire said distributors were continuing to raise spot prices on flat rolled steel.
The service centers themselves were less optimistic with only 51 percent of the distributors reporting their company as raising flat rolled steel spot prices to their end customers. Forty-three percent reported spot prices as remaining the same and 6 percent said their company was beginning to lower spot prices.
