SMU Price Ranges & Indices: Mostly Unchanged

As we moved around the industry trying to gauge where flat rolled steel prices are this week, we found most buyers as being optimistic but perhaps not as many as two weeks ago. There seems to be a growing question about whether the market has “peaked” or not. Everyone wants to know where prices will go from here and there are never any easy answers to that question.

A steel service center executive complained to us about the current high spot prices and their inability to close business at the new numbers, “Using those numbers it is very difficult to get business. I am convinced that we have peaked. Some moderation is in order.”