Steel pricing appears stable: Reliance

Apr 26, 2012 | 04:07 PM | Corinna Petry

Tags  Reliance Steel and Aluminum, David Hannah, Gregg Mollins, demand, supply, imports, pricing, service centers mills

CHICAGO — Carbon steel pricing is expected to hold fairly stable this year despite the rising pace of imports, especially in steel plate, Reliance Steel & Aluminum Co.’s top executives said.

“Price increases were announced, as were discounts,” president and chief operating officer Gregg Mollins said on an earnings call with investors Thursday. “But prices were not significantly up or down.”

Carbon flat-rolled and tubing products “have seen modest increases in price year to date, (and) alloy prices are seeing modest surcharge increases, (but) we don’t expect to see any major swings going forward,” he added.....

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