Steel pricing appears stable: Reliance
Apr 26, 2012 | 04:07 PM
| Corinna Petry
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 dont expect to see any major swings going forward, he added.....
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