SMU Data and Models
January 30, 2020
Service Center Spot: Temporary Blip or Change of Direction?
Written by John Packard
The recent rise in flat rolled mill spot prices have, in Steel Market Update’s opinion based on our survey analysis, been supported by a rise in service center spot prices to their end customers. However, the analysis of last week’s flat rolled and plate steel market trends survey indicates that support for higher prices has peaked. We are seeing this in both the analysis of the responses of the service centers themselves as well as the data collected from manufacturing companies who purchase from distributors.
Have rising steel prices turned a corner or is the flattening seen in the past two weeks just a temporary blip? That is the question of the day.
