Hot-rolled band prices said on downward drift

Apr 10, 2013 | 03:47 PM | Corinna Petry

Tags  hot-rolled band, Steel Benchmarker price, market commentary, lead times, demand, supply


CHICAGO — Hot-rolled steel sheet prices continue to face an incremental "drift" downward amid aggressive sales tactics and short lead times, market sources told AMM.

"Producers are in trouble—there is no lead time. We can get steel in five to seven days in some cases, depending on the mill," an eastern Great Lakes service center operator said.

A southern sheet distributor agreed, citing especially short lead times at a handful of mini-mills. "That’s one of the main factors affecting prices," he said. "(Plus), scrap (prices) pulled back, demand isn’t improving any and there’s oversupply."....





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