Steel Products
July 6, 2021
Steel Buyers Trying to Put Square Peg in Round Hole?
Written by John Packard
Square Peg in a Round Hole?
As we move about speaking to steel buyers, I get the impression they want to live by the rules of the market that have been in place for most of the last 30+ years. Flat rolled and plate steel buyers believe world steel prices will ultimately impact U.S. steel prices. In the past, the landed cost of foreign steel placed a floor on domestic steel prices. Why buy domestic at “X” price if you can buy foreign at “X” minus $60+ per ton (sometimes as much as $200 per ton)?
