Steel Products Prices North America
August 22, 2017
SMU Price Ranges & Indices: Prices Move Higher
Written by John Packard
Last week, the flat rolled and plate steel mills announced price increases. Steel Market Update has seen prices rise in the mill spot markets (not in the service center spot markets) by $10 to $20 per ton. We are hearing from steel buyers (and a couple of mills) that the number of spot orders have slowed. As one steel mill put it to SMU earlier today, “…We did increase price and, as expected, not much action yet first couple days of the week. But costs are still exploding. So, I would rather sell less and make more money than sell more and get killed.”
Here is how we see prices this week:
