Steel Products Prices North America
November 28, 2017
SMU Price Ranges & Indices: Third Week of "Mixed" Pricing
Written by John Packard
Steel Market Update canvassed a large number of flat rolled and plate steel buyers during the course of the last 24 hours. The goal was to better understand where spot prices were being offered (and by whom) and if there were any differences in momentum or the negotiation positions of the various steel mills. We found a “mixed” market for the third week in a row. However, the conversations we had helped clarify why the spot market prices were “mixed” and a lot of it has to do with what mills have December tonnage left and those who do not. We will have much more about the conversations that we had with steel buyers (and in some cases with the steel mills themselves) in Thursday evening’s edition of Steel Market Update.
Here is how we see prices this week:
