Fate of W. Coast flat-roll price hikes uncertain
Mar 20, 2013 | 03:41 PM
| Frank Haflich
LOS ANGELES Flat-rolled steel price increases on the West Coast this month are being greeted cautiously by buyers, who say there is too much uncertainty at this point to jump on board.
While there has been some limited upward movement in transaction prices, with hot-rolled sheet up $8 to $10 per ton from some buyers previous purchases, most market sources arent losing any sleep over the possibility that prices will take off anytime soon.
"The lead times are too short," said one buyer, who, like some others, noted that hot-rolled sheet from east of the Rockies originally quoted for production about four weeks out is instead being shipped up to two weeks earlier in some cases.....
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.