Steel contract talks could change buying patterns

Oct 23, 2013 | 05:07 PM | Catherine Ngai

Tags  CRU, CRU discounts, contract talks, AK Steel, James L. Wainscott, steel sheet, catherine Ngai

NEW YORK — The steel sheet market could see a noticeable shift away from contract buying and into spot buying as a result of ongoing 2014 contract negotiations between U.S. steelmakers and customers.

While U.S. steel mills have held firmly to previously announced plans to move away from index-minus pricing, a number of options have been brought to the table, including fixed-price options, quarterly and six-month options, and just buying off an existing index without a discount (, Oct. 23). However, some customers question just how attractive contracts look so far.....

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