Steel Products Prices North America
May 9, 2017
Service Center Spot Prices Weakening
Written by John Packard
Last week Steel Market Update completed our early May flat rolled steel market trends analysis. During the process, we asked manufacturing companies and service centers to comment on the status of the service center spot market pricing. We found agreement within both camps that steel distributors have been transitioning from a market where they were asking for higher prices to a more balanced spot price environment.
Manufacturers reported only 19 percent of flat rolled distributors were lowering prices, 10 percent raising prices and the vast majority (71 percent) were keeping prices stable (see graphic below).
