Steel sheet prices flat; bottom could be near
Mar 14, 2014 | 01:42 PM
| Catherine Ngai
NEW YORK Steel sheet prices may be nearing bottom, industry sources said, but the timing will have to be right for mills to successfully raise tags.
Hot-rolled and cold-rolled sheet prices have slipped since the start of the year on increased import activity, a lack of buying due to cold weather and falling raw material costs. However, with increased chatter in recent days over a potential price increase and possible pent-up demand in the spring, there could be opportunity on the sell side.
Business is good and Im not hearing anything out there thats negative, one Midwest service center source said. Im expecting to see a price increase before April 1 because mills will want to take advantage of the pent-up demand out there as well as setting a floor. ....
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.