Flat-rolled steel price hikes squeeze distributors

Aug 16, 2013 | 04:33 PM | Catherine Ngai

Tags  hot-rolled steel, steel prices, flat-rolled steel, steel service centers, CRU, discounts, margin squeezae, Catherine Ngai

NEW YORK — Hot-rolled steel tags stayed steady this past week as buyers continued to report mills have been holding the line on higher pricing levels. But, while mills have successfully pushed for higher pricing, the full impact of the increases has yet to be felt by endmarket customers, sources said.

"Business has been steady, and pretty flat, but service center pricing has been rather aggressive," one Midwest service center source said. "The price that we’re having to sell at is incredibly aggressive and nowhere near reflects what the mills have raised their pricing to. It’s pretty aggressive out there."....

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