Hot band prices slip in Midwest, views mixed

Aug 29, 2013 | 06:07 PM | Catherine Ngai

Tags  steel, hot-rolled sheet, flat-rolled sheet, Nucor, U.S. Steel, ArcelorMittal, steel prices, band prices Catherine Ngai

NEW YORK — Steel sheet prices in the Midwest fell slightly this week after a period of stability, with market participants’ outlooks differing for the rest of the year.

Hot-rolled band was put at $32.75 per hundredweight ($655 per ton) f.o.b. Midwest mill, sources said, down from $33 per cwt ($660 per ton) a week ago, with larger tonnages available at $32.50 per cwt ($650 per ton). Cold-rolled tags fell to $37.75 per cwt ($755 per ton), off from $38 per cwt ($760 per ton) a week ago, with larger tonnages said at $37 to $37.50 per cwt ($740 to $750 per ton).....





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