Steel Products Prices North America
October 3, 2017
SMU Price Ranges & Indices: Prices Drifting
Written by John Packard
Flat rolled steel prices continue to “drift,” with some items drifting lower, some staying the same and cold rolled actually increasing by $5 per ton. One commercial officer at a steel mill told SMU that in his view the range has shrunk for the products they produce. Even so, “We are finding business, and it seems inventories are being drawn down…but not in balance yet.”
SMU has found, in some products, that the spread between the lowest base available and the highest has widened. This could be for geographical reasons where prices in the Midwest are different than those found in the Southwest or Southeast.
