W. Coast flat-rolled steel hikes gain traction
Apr 03, 2014 | 04:05 PM
| 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 hasnt 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 Coasts 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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