Steel mills sticking to guns on pricing

Oct 16, 2013 | 04:19 PM | Catherine Ngai

Tags  steel prices, hot-rolled band, cold-rolled coil, SteelBenchmarker, Catherine Ngai

NEW YORK — U.S. steelmakers remained firm on pricing this week, and rumors of another impending increase has caused some concern.

"The mills are scaring people with another potential increase next week," one Midwest service center source said. "Things have gone up and the mills aren’t cutting deals. But I think what’s putting a foundation on the higher pricing is the threat of a new increase. Quite honestly, I think it’s all goofy because business hasn’t been that strong."....





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