Sheet steel prices increase in busy summer
Aug 08, 2014 | 12:42 PM
| Michael Cowden
CHICAGO Sheet steel prices edged up this past week as domestic mills continued to drive for higher prices and some buyers reported stronger-than-usual summer activity.
AMMs hot-rolled coil price assessment rose to $33.75 per hundredweight ($675 per ton) from $33.50 per cwt ($670 per ton) previously, while cold-rolled tags increased to $39.75 per cwt ($795 per ton) from $39.50 per cwt ($790 per ton).
Some domestic mills were said to be pushing for hot band prices of $34.50 per cwt ($690 per ton) but reportedly were settling for numbers closer to $34 per cwt ($680 per ton).
The price gains came after several steel consumers said that Julyusually the second-slowest month of the year behind Decemberhad been among their busiest so far this year, and several predicted an even stronger market in the second half of the year.....
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.