Steel sheet buyers expect price increase
Nov 06, 2013 | 03:57 PM
| Catherine Ngai
NEW YORK Several steel sheet mill representatives have reportedly indicated that another price increase is imminent, some buyers told AMM.
Mill representatives have asked several buyers to place orders ahead of "prices going up," although some have hesitated due to continued squeezed margins.
"We were offered some steel and told that if we want, we should buy it now at todays price because the price is going to go up," a Midwest service center source said. "Im not going to play their game anymore. Our statement will be and has been if we need it, well buy it. If we dont own it, we dont need it." ....
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