Prices
October 22, 2013
SMU Price Ranges & Indices: Creeping Higher
Written by Brett Linton
The domestic steel mills continued to put pressure on spot market pricing which resulted in another small increase in our flat rolled price assessments for this week. We continue to hear from buyers that prices are only somewhat negotiable ($10-$30 per ton off of the price announcement levels). This is somewhat of a change from what we had seen at the beginning of last week and we need to wait to see if it is the beginning of a new trend toward lower prices or just a blip on the radar screen.
Here is how we are seeing flat rolled prices this week:
