Steel Products Prices North America
August 23, 2016
SMU Price Ranges & Indices: Slowly Twisting in the Wind
Written by John Packard
Steel buyers told Steel Market Update that the domestic mills were clearly hungry for orders on hot rolled steel and getting hungrier for cold rolled orders as well. So far, coated steels (galvanized and Galvalume) have fared better than their uncoated brethren but even coated steels were seeing some pressure on pricing. Buyers were telling SMU that the mills have been aggressively looking for orders and at the same time trying to position themselves to only give up the low range we are seeing in pricing for tonnage. But, compared to just a few weeks ago the tonnage being requested has been shrinking on all products.
So, having said all of that here is how we see prices this week:
