Flat-rolled steel price hikes squeeze distributors
Aug 16, 2013 | 04:33 PM
| 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 were having to sell at is incredibly aggressive and nowhere near reflects what the mills have raised their pricing to. Its pretty aggressive out there."....
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