W. Coast flat-roll buyers wary of price plateau

Jan 15, 2014 | 04:29 PM | Frank Haflich

Tags  carbon steel, flat-rolled, prices, West Coast market, imports, pricing plateau, hot-rolled coil, California Steel Industries Frank Haflich

LOS ANGELES — Flat-rolled steel buyers on the West Coast are growing cautious amid initial indications that prices for some products may have reached at least a temporary plateau.

Preliminary indications are that local domestic prices for March hot-rolled coils aren’t likely to move up from their current estimated range of $670 to $710 per ton ($33.50 to $35.50 per hundredweight), depending on the volume of the purchase, according to market sources.....

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