Steel Products
October 30, 2018
Benchmark Hot Rolled Prices Break Below $800/Ton
Written by John Packard
Flat rolled steel prices have stalled, despite the increase announcements out of many of the domestic steel mills. Plate steel spot prices, on the other hand, continue to remain firm in December with an expectation of a $40 price increase being collected in January.
Steel Market Update canvassed the flat rolled and plate steel buyers and a few steel mills over the course of the past two days to see what has been happening to spot prices and lead times. We found a “stable to weakening” price environment as mills work to fill end- of-the-year order books, and to respond to a door the flat rolled mills opened for foreign steel when they made their pricing announcement a few weeks back.
