W. Coast flat-roll tag cues to come after holiday

Nov 13, 2012 | 05:37 PM | Frank Haflich

Tags  West Coast, flat-rolled steel, California Steel Industries, USS-Posco Industries, CSI, UPI, price increases, flat-rolled prices Frank Haflich

NEW YORK — Flat-rolled steel buyers on the West Coast are looking to late November for clues on the strength of recent price hikes.

With several large buyers pretty much set for the year as the region’s mills have largely filled out their order books for 2012, indications are that the strength of recently announced increases will start to become clear when customers return from the Thanksgiving holiday.

"I haven’t paid more for steel yet, but I do expect to pay more for January," according to one service center buyer, who, like several others, managed to fill out this year’s requirements at pre-increase price levels.....

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