Domestic sheet buyers see more price softness
Jan 16, 2013 | 03:43 PM
| Catherine Ngai
Tags
SteelBenchmarker,
steel prices,
sheet,
hot-rolled,
cold-rolled,
Steel Market Intelligence,
Michelle Applebaum,
Catherine Ngai
NEW YORK — Flat-rolled steel prices have continued to weaken as a result of lackluster demand and are likely to continue to soften in the next week, according to domestic buyers, but they believe the bottom may be within sight and expect an uptick in the near term.
Market participants have confirmed in recent weeks that steel pricing has started to erode amid short mill lead times and a slow recovery in steel demand (amm.com, Jan. 9).
"I think prices have softened recently, but I think that trend will be short-lived," one buyer said. "We may be at the end of it. My personal view is that things should turn around and head back up, but in a very slow and gradual way.....
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.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here