Mill output adversity lifts flat-rolled prices
Apr 18, 2014 | 09:55 AM
| Michael Cowden
CHICAGO Flat-rolled prices have increased over the past week as integrated mills in the Midwest struggle to keep up with contracted automotive business amid the seasonally busier spring months, and as outages and weather-related disruptions rock the supply chain, market sources said.
"Its all supply-side. Its a mess. So theres a steel shortage and prices are going higher," one Midwest service center source said.
AMMs hot-rolled coil price has moved to $34 per hundredweight ($680 per ton) from $33.50 per cwt ($670 per ton) previously, and cold-rolled prices rose to $40.50 per cwt ($810 per ton) from $40 per cwt ($800 per ton).....
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.