Market mixed on steel sheet pricing course

Jan 10, 2014 | 03:42 PM | Catherine Ngai

Tags  steel sheet, hot-rolled, cold-rolled, lead times, steel mills, steel buyers, Catherine Ngai

NEW YORK — The steel sheet price outlook was unclear as the year’s first full week closed, with some mills and buyers upbeat of a pickup in resale costs while others noted shortened lead times and sluggishness in buying activity.

"On my side, I don’t see any ludicrous numbers out there," one Midwest buyer said. "All in all, business is pretty steady. We’re seeing service centers raise prices ever so slightly and mills drawing lines in the sand. Things are looking up this quarter."....

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