US sheet price slide seen continuing
Sep 26, 2012 | 04:39 PM
| Chris Prentice
NEW YORK U.S. flat-rolled steel prices have fallen this week, and market sources see no immediate end to the slide.
"Theres nothing (the mills) can do to get the order," one Midwest service center source said. "They cant price it low enough. Any offer anybody gives me right now, I think its going to be lower next week."
Spot buyers have noted that short lead times indicate lean order books at the mill, a situation that likely could force mill sales representatives to lower prices in order to book tons.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.