Steel sheet prices halt rise, said poised to fall
Dec 05, 2012 | 04:21 PM
| Chris Prentice
NEW YORK Domestic flat-rolled steel mills continue to push for higher prices, but with lead times stagnant and year-end demand waning, mill and service center sources say the markets upward momentum has stalledand could be poised to fall.
Its either going up or going down, a mill source said. (The price) never stays flat in this business anymore.
Quotes from domestic mills were reported as high as $33 per hundredweight ($660 per ton) for hot-rolled sheet as of mid-day Wednesday, but both mill and buyer sources said actual buying levels were still in the $32- to $32.50-per-hundredweight ($640- to $650-per-ton) range, with most orders trending toward the lower end. ....
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.