Steel sheet end-use markets said strong

Jul 11, 2013 | 05:12 PM | Catherine Ngai

Tags  steel sheet, AK Steel, Midwest, hot-rolled coil, cold-rolled coil, catherine ngai

NEW YORK — The steel sheet market has remained firm this week as steady market activity coupled with stronger end-use markets has provided market participants some welcome optimism.

"Business is good—it’s been steady and improving in the past few months, so we’re grateful for that," a Midwest service center source said. "This past week was a little spotty because of the (Independence Day) holiday, but overall, business is pretty good."

Hot-rolled band prices held steady this week at $32 per hundredweight ($640 per ton) f.o.b. Midwest mill, while cold-rolled coil inched up to $37.50 per cwt ($750 per ton) from $37 per cwt ($740 per ton).....

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