Sheet prices soften, steady market expected

Sep 20, 2013 | 06:09 PM | Catherine Ngai

Tags  steel prices, hot-rolled coil, cold-rolled, Metals Service Center Institute, steel sheet, U.S. Steel Corp., Lake Erie Works, Catherine Ngai

NEW YORK — Steel sheet prices in the Midwest continued to soften this past week, but market participants contacted by AMM believe pricing will hold steady in the upcoming weeks.

"We’ve been rather busy this week and the herd to buy seems to be moving again," one northern service center source said Sept. 20. "There’s been a little softness from the mills, but it’s more or less holding firm. It’s been an adjustment rather than a drop." ....

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