Steel Products Prices North America
March 8, 2019
Steel Buyers Unsure Where Prices Go from Here
Written by John Packard
As markets transition from one phase to another, the process can sometimes be “messy” until there is a clear direction as momentum shifts. Many steel buyers reported a higher sense of confidence that the market has “turned the corner” and will move higher from here. However, the feelings are not universally shared as some buyers continue to be unsure as to the ultimate direction flat rolled steel prices will take over the coming weeks.
Steel Market Update spoke either directly or through emails with many steel buyers earlier this week as we gathered market pricing information. During that process, we received comments regarding the strength (or weakness) associated with the current market. We also inquired as to whether there were any concerns with the high capacity utilization rates, which this week were reported by AISI to be close to 83 percent.
