Steel Products Prices North America
September 26, 2017
SMU Price Ranges & Indices: Prices Slowly Retreating
Written by John Packard
When asked to comment on spot flat rolled steel prices this week, the president of a medium-sized service center told SMU, “Drifting. Demand seems down.” He went on to report that even with AK Steel and ArcelorMittal reporting extending lead times, the market “feels soft.” Other steel buyers reported that their perception of the market depended on which steel mills they were speaking with. As we canvassed service centers and manufacturing steel buyers, we found a slight dip in the hot rolled numbers ($5/ton) and a little larger dip in cold rolled and coated steel numbers. Only steel plate was spared this week.
Here is how we see prices this week:
