SMU Data and Models
November 21, 2017
Service Center Spot Pricing Support Weaker Than Expected
Written by John Packard
Flat rolled steel service centers apparently do not have the luxury or ability to raise spot prices, even after two price increases by the domestic steel mills, according to the latest flat rolled steel market trends analysis by Steel Market Update (SMU).
Last week, in SMU’s mid-November flat rolled analysis, one of the key areas we probed was that of service center spot pricing and whether distributors are raising, lowering or keeping prices the same.
