Sheet, plate tags hold in mill-buyer tug-of-war
May 09, 2014 | 05:52 PM
| Thorsten Schier
CHICAGO Sheet steel prices have held steady as mills push for further increases while buyers, concerned prices might dip, hold off on making purchases despite lean inventories.
AMMs hot-rolled coil price assessment remains unchanged at $34.50 per hundredweight ($690 per ton)some business was transacted at $35 per cwt ($700 per ton) but other deals were reported as low as $34 per cwt ($680 per ton)and cold-rolled tags are steady at $40.75 per cwt ($815 per ton).
The sideways movement comes as some consumers report continued difficulties sourcing tonnages from integrated mills in the Great Lakes region, while others said mills that had been hit by production issues were again reaching out to them for spot business.....
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