Mill output adversity lifts flat-rolled prices

Apr 18, 2014 | 09:55 AM | Michael Cowden

Tags  hot-rolled sheet, cold-rolled coil, steel sheet, steel coil, production cuts, shipping delays, U.S. Steel, General Motors Ford Motor

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.

"It’s all supply-side. It’s a mess. So there’s a steel shortage and prices are going higher," one Midwest service center source said.

AMM’s 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).....

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