Steel Products Prices North America
August 18, 2019
Steel Prices Moving Up…But for How Long?
Written by Tim Triplett
Since late June, the nation’s steelmakers have raised prices three times on flat rolled and twice on plate products, managing to reverse the 40 percent decline in steel prices that began last summer. Steel prices have increased more than 12 percent since bottoming in early July. The mills have seized the momentum heading into the second half of the year. But for how long?
Three out of four buyers—manufacturer and service center executives—who responded to Steel Market Update’s market trends questionnaire in the week of Aug. 12 said they expect the mills’ ability to collect higher prices to be short-lived.
