Sheet looks stable but players’ outlook mixed
Mar 14, 2013 | 04:10 PM
| Catherine Ngai
NEW YORK U.S. steel sheet prices look stable this week, although players are mixed about the direction of a market plagued by short lead times and oversupply.
"I know the mills were talking firm on the increases, but they came to me late last week and had more of a what do you need kind of tone again," one Midwest buyer said. "Im not sure if the price increases are standing. Theyre trying, but the market is soft."
Recently slated $50-per-ton increases havent translated into transaction price hikes in that amount, mill and buyer sources said, but they have eliminated many of the barrel-scraping discounts seen in the days leading up to the move (amm.com, March 7).....
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