W. Coast flat-rolled prices firm amid optimism

Apr 25, 2014 | 06:25 PM | Frank Haflich

Tags  steel prices, West Coast, flat-rolled, California Steel, USS-Posco, Frank Haflich

LOS ANGELES — Flat-rolled steel prices are staying firm on the West Coast amid what appears to be the most positive overall market sentiment since the region’s steel market entered its slump in mid-2008.

"I think it’s finally sunk in with some of our customers that prices are going up and sticking," one service center buyer said.

While some observers pointed out that any recovery in price and demand is probably lagging improvement in other parts of the country—and demand has a way to go before it reaches 2008 levels—an informal survey of the region nevertheless indicates an overall optimistic mood.....





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