Steel sheet prices continue to slide

Mar 06, 2014 | 04:50 PM | Nathan Laliberte

Tags  steel sheet, hot-rolled sheet, cold-rolled sheet, ArcelorMittal, ThyssenKrupp, AK Steel, Russian hot-rolled steel, Catherine Ngai

NEW YORK — Steel sheet prices continued to slide this week on short lead times, falling raw material costs and the threat of imports, although some sources indicated that a bottom could be near.

"Everyone I’ve talked to is busy and I’m starting to believe we’re towards the low on pricing," one Midwest service center source said. "With everyone being so busy and import offers being curtailed, I think we’ll see a rebound sometime in April. Plus, nonres(idential construction) is going to pick up."....

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