Hot-rolled sheet prices moving higher

Aug 15, 2012 | 04:24 PM | Chris Prentice

Tags  flat-rolled steel, steel sheet, steelbenchmarker, AK Steel, ArcelorMittal USA, U.S. Steel Corp., chris prentice

NEW YORK — U.S. sheet prices have inched up, with more steel service center buyers reporting deals at higher levels.

As of mid-day Wednesday, reported transaction levels for hot-rolled sheet averaged $33.25 per hundredweight ($665 per ton) f.o.b. Midwest mill, up from $33 per cwt at the end of last week.

Service center buyers told AMM that domestic mills have been sticking to higher levels since announcing price increases in July.....

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