Steel Products
April 28, 2019
Five Items to Watch to Help Sort Out Pricing Confusion
Written by John Packard
When I was in Atlanta, the questions on the minds of the members of the Association of Specialty Cold Rolled Steel Producers were connected to trying to get a better handle on this market. The questions were less about the direction of flat rolled prices, but rather why are steel prices tumbling with Section 232 in place and the domestic mills running at capacity utilization rates of 83 percent, probably even higher on flat rolled. Add into that mix falling imports of flat rolled and plate steels, and a stronger than projected First Quarter 2019 GDP. Plus the MSCI reported very low inventory numbers at 2.1 months of supply.
So, why are steel prices falling?
