Steel sheet, plate prices hold steady

Aug 04, 2014 | 09:43 AM | Michael Cowden

Tags  hot-rolled sheet, cold-rolled coil, coated sheet, Galvalume, steel plate, steel prices, Michael Cowden

CHICAGO — Steel sheet and plate prices held steady this past week in a sign that the steel industry might be dodging the usual summer doldrums this year, market sources said.

Stable prices and lead times also come despite a big gap between pricing in the United States and the rest of the world, as well as high import volumes, they said.

AMM’s hot-rolled coil price was steady at $33.50 per hundredweight ($670 per ton), while cold-rolled coil held at $39.50 per cwt ($790 per ton) and plate prices remained at $43 per cwt ($860 per ton).

Domestic mills were said to be mulling increases, given the firm lead times and improving demand. But some market sources said they were unlikely to announce base price increases ahead of a potential wave of trade petitions on sheet steel products.....

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