Steel sheet tags edge lower as output ramps up
May 30, 2014 | 11:08 AM
| Michael Cowden
CHICAGO The heat is on hot-rolled band prices, which slipped again this past week due to increased supply, stable but flat demand and slower buying from key end markets such as welded tubulars, market sources said.
AMMs hot-rolled coil price dipped to $34 per hundredweight ($680 per ton) from $34.25 per cwt ($685 per ton) previously, while cold-rolled tags fell to $40.25 per cwt ($805 per ton) from $40.50 per cwt ($810 per ton).
Some businessmostly but not entirely limited to large tonnageswas reported at $33.50 per cwt ($670 per ton), with a push for $35 per cwt ($700 per ton) largely abandoned as mills focus on shoring up business at the $34-per-cwt level, producer and buyer sources said.....
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.