In the US, flat products transaction prices fell in October despite the fact that the domestic mills had proposed further rises for the fourth quarter, on top of those noted last month.
Delivery lead times are relatively short. Producers do not have full order books and have had to offer discounts to try to stimulate demand. Distributors report that their business is just about satisfactory but likely to slow as the year-end approaches. Consequently, they are cautious regarding their forward purchasing levels.