Steel Products Prices North America
November 22, 2016
SMU Price Ranges & Indices: Still Moving, Even During Holiday Week
Written by John Packard
Flat rolled steel prices continue to move as the steel buyers absorb the three increases announced by the domestic steel mills going back to October 21st. Most buyers are telling Steel Market Update that this week is relatively quiet due to the Thanksgiving Holiday but the mill remain steadfast in their resolve to garnish higher prices on hot rolled, cold rolled, galvanized and Galvalume steel products. As one service center executive put it to SMU earlier today, “They [steel mills] are showing no mercy with these price increases.” They went on to say that with the new administration being sympathetic to the steel industry the expectation has to be for even higher prices as we move into 2017.
Here is how we see prices this week:
