Flat-rolled prices jump $20 per ton

Dec 09, 2008 | 10:13 AM | Scott Robertson

Increasing prices for steel scrap are beginning to manifest themselves in slight price hikes for flat-rolled products, according to market sources.

Hot-rolled sheet, selling on the spot market for as little as $540 per ton ($27 per hundredweight) just before Thanksgiving, has increased about $20 per ton during the past few days to $560 per ton ($28 per cwt), steel buyers said.

Cold-rolled sheet, likewise, has moved higher on the spot market to around $640 to $650 per ton ($32 to $32.50 per cwt).

The slight bump marks the first time prices have headed north since late July, when hot-rolled sheet reached a peak of close to $1,100 per ton ($55 per cwt) based on what had been strong global demand for steel. The global financial crisis began to cool that demand in August and prices have since plummeted.....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results