Steel sheet prices holding steady

Sep 25, 2013 | 06:17 PM | Catherine Ngai

Tags  steel sheet, hot-rolled sheet, cold-rolled sheet, market conditions, steel sheet supply, steel sheet demand, steel sheet prices, steel imports steel inventories

NEW YORK — The steel sheet market remained quiet this week, underpinned by stable but lackluster demand and mounting market speculation that another round of price increases could be under way.

Sheet prices have softened slightly in recent weeks, an easing that market sources describe as more of a market adjustment than an outright indication that pricing will return to year-to-date lows seen in the spring.

At the same time, talks of another price increase have spread quickly in recent days, with market sources pointing to the perfect alignment of low inventory levels and extended lead times.....

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