Steel Products Prices North America
October 25, 2016
SMU Price Ranges & Indices: Lower Pricing Due to Last Minute Deals
Written by John Packard
The flat rolled steel markets are in a state of confusion as both buyers and sellers of steel decide what is a fair price for hot rolled, cold rolled and coated steels based on existing market conditions both in the United States but also the rest of the world. Even though there have been price increase announcements from virtually all of the domestic flat rolled steel mills, we have found orders were being placed on Friday, Monday and even, in some cases, as late as today at numbers given prior to the announcements being made.
Even one of the steel mills admitted to Steel Market Update earlier today that base prices on coated steels eroded late last week. We were told, “Market slipped to $33’s to $35. Quoting higher, but until people buy at the higher price the new price is not real yet.”
