W. Coast flat-rolled steel hikes gain traction

Apr 03, 2014 | 04:05 PM | Frank Haflich

Tags  flat-rolled steel, steel prices, USS-Posco Industries, U.S. Steel, California Steel Industries, CSI, Great Lakes Works, Frank Haflich

LOS ANGELES — West Coast prices for flat-rolled steel appear to be rising, although probably not as much as in parts of the country that are feeling the impact of production disruptions in the Midwest.

"The market hasn’t completely settled, but I think some of it will stick," a source at one downstream fabricator said about recent $40-per-ton ($2-per-hundredweight) price increase announcements by the West Coast’s two major flat-rolled mills. He estimated his hot-rolled coil increase at $10 to $20 per ton (50 cents to $1 per cwt).....

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