Steel Products Prices North America
January 31, 2017
SMU Price Ranges & Indices: Surprise Drop?
Written by John Packard
Steel Market Update (SMU) collected data from the flat rolled steel markets which indicated some changes in the index averages. Whether this is a signal of a break in prices is not yet known and something we will be working on over the next few days. We have seen data this week whereby the strength of the market is not in question. At the same time we have found “tonnage discounts” that were not available last week. We solicited comments from a couple of mills – one thought our cold rolled and coated prices were a tad low while the other commented our cold rolled numbers were a bit high… (?).
Here is how we see prices this week:
