Economy
May 30, 2017
What Steel Buyers Think About Pricing & Section 232 Investigation
Written by John Packard
Steel Market Update (SMU) spend the majority of today discussing the flat rolled steel markets with steel buyers from around the country. The main topic of conversation was pricing, which is anticipated will drop over the next 30 days and Section 232 which is expected to end that drop…
Flat rolled steel buyers reported most of the domestic mills as aggressively pursuing orders on a wide range of products. Like most things in the steel business, each mill is acting independently and differently from one another. We heard Algoma was the most aggressive mill in the North while Nucor was reported to have a good book and was reported by a number of buyers as not being aggressive at all.
