Steel sheet falls further in skeptical market
May 10, 2012 | 04:32 PM
| Chris Prentice
NEW YORK Domestic steel sheet tags slipped again this week as attempts by at least one major mill to increase prices were met with skepticism in the market.
Baseline prices for hot-rolled sheet fell to $33.25 per hundredweight ($665 per ton) f.o.b. mill this week in the Midwest, down from $33.75 per cwt ($675 per ton) last week, mill and consumer sources told AMM. Buyers placing large-volume orders were said to be securing hot-rolled coil prices as low as $32.50 per cwt ($650 per ton), even as smaller tonnages were transacted closer to $33.50 per cwt ($670 per ton).....
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