Steel Products Prices North America
September 13, 2016
Steel Mills Battle Market Blahs
Written by John Packard
The uncertainty in the market (called the “blahs” by a number of our steel sources) is affecting both buyers and sellers of steel.
Steel mills have been doing all that they can in an attempt to keep flat rolled steel prices from slipping too far. One of our mill sources had a sense of humor when discussing their need to adjust prices lower. When asked if they were being “forced” to adjust their prices we were told, “Forced? Sounds harsh. I am actually looking at this as an opportunity to make winners out of our loyal customers!” Our mill source then went on to say that some of the buyers who bought foreign steel a few months back may not be so pleased with those tons when they arrive compared to domestic. He told us, “The domestic reset is going to make things interesting in a few months.”
