Stable flat-rolled mart leaves distributors wary

Aug 28, 2013 | 04:16 PM | Catherine Ngai

Tags  steel prices, hot-rolled, SteelBenchmarker, flat-rolled, TMK Ipsco, Piotr Galitzine, Catherine Ngai

NEW YORK — The flat-rolled steel market has been marked by stability this week, but some distributors warned that too much stability could be cause for concern.

Steel prices have held steady in recent weeks due to some supply disruptions and discipline by domestic mills in holding the line, sources said. However, market players contacted by AMM this week noted that the market holding status quo for too long may mean prices have the potential to slide. Others have reported that lower deals are inching back into the marketplace. ....

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