Sheet prices slide amid market nervousness
Feb 27, 2014 | 05:54 PM
| Catherine Ngai
NEW YORK U.S. steel sheet pricing softened this week as market participants remained nervous about the effects on domestic tags of cold weather, falling raw material costs and imports.
Hot-rolled coil slid to $31.75 per hundredweight ($635 per ton) from $32.50 per cwt ($650 per ton) last week, sources said, while cold-rolled fell to $38 per cwt ($760 per ton) from $38.25 per cwt ($765 per ton).
But while a number of buyers were nervous about the future, particularly as short lead times at a number of mills have put some on edge, others said reports that severely cold weather was hurting the market were overblown.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.