Sheet prices stay steady in tight market

Aug 22, 2013 | 05:50 PM | Catherine Ngai

Tags  steel sheet, hot-rolled steel, cold-rolled steel, steel prices, Nucor Berkeley, ArcelorMittal, U.S. Steel, steel demand steel supply

NEW YORK — Steel sheet prices stayed steady this week as market participants reported an uptick in activity, defying a traditional  seasonal slowdown in August.

"Business has been decent, and our shipping rate has been higher than it was a year ago," said one Midwest service center source. "Demand hasn’t faltered in the August period like it can in a typical summer. Some people are thinking that September and October could be a little better, and it very well might be. The market is reasonably tight and mills are kind of holding their own on the pricing front."....

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