Flat-rolled sheet prices begin to slide

May 03, 2012 | 02:16 PM | Chris Prentice

Tags  steel sheet, steel prices, flat-rolled sheet, Chris Prentice, Anne Riley

DEARBORN, Mich. — U.S. flat-rolled sheet tags have started to slide, steel market participants said.

The baseline hot-rolled sheet transaction price was predominantly reported at $33.75 per hundredweight ($675 per ton) this week, down from $34.50 per cwt ($690 per ton) previously, as buyers found material readily available amid short lead times, high mill capacity and steady demand, sources told AMM.....

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