US steel sheet prices rising, questions looming about first quarter

Steel , USA Oct 23, 2013 No Comments

SteelPlatts upped its hot-rolled coil assessment Tuesday from $645-655/st to $655-665/st and concurrently moved cold-rolled from $750-760/st to $760-770/st. All prices are normalized to a Midwest (Indiana) ex-works basis.

Mill discipline appears to be pushing flat-rolled steel pricing up in the US, though at least some market sources said Tuesday they fear that a late-year run-up could invite a glut of imports in the first quarter.

One top-tier mill source said his company was not transacting below $660/st for hot-rolled coil, while it was “easy” to sell cold-rolled coil between $760-780/st.

via US steel sheet prices rising, questions looming about first quarter – Metals | Platts News Article & Story

Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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