Steel Products Prices North America
October 6, 2020
"Use Your Own Eyes," Says Mill Commercial Team Member
Written by John Packard
The tightness of the flat rolled steel market, and when that tightness might dissipate, are topics being actively discussed within the industry. Lead times are already into January at some mills, slabs are limited to the converters who were buying from Brazil, maintenance schedules are pushing lead times, and demand is up whether from rising demand for products or due to low inventories. The long lead times have pushed prices higher with the domestic mills announcing new increases of approximately $50 per ton last week.
Steel Market Update published an article in Sunday evening’s issue entitled, “SMU Reader Lays Out Supply Side Concerns.” This article prompted someone from the commercial (sales) side of one of the steel mills to send us the following comments:
