Steel Products Prices North America
March 28, 2018
SMU Price Ranges & Indices: Prices Have Not Yet Peaked
Written by John Packard
Flat rolled and plate steel prices moved higher over the past seven days. Steel buyers reported the domestic and Canadian steel mills as being “firm” with their price offers. Even so, steel buyers advised Steel Market Update that even with many mills allocating tonnage or, working on a controlled order entry basis, that they were able to get enough tonnage to satisfy their business.
We are hearing of foreign tons beginning to be offered with the 25 percent tariff included. Many of the buyers reported products such as coated steels as being “competitive” with domestic numbers while other products were less competitive depending on where the buyer sits geographically (freight considerations).
